Here’s what’s hot in the market today: Research In Motion continued to shed value as shareholders jump ship, while China Finance took a dip after reporting flat earnings. Primo Water is up after pricing common stock shares.

Research In Motion (NASDAQ: RIMM) fell nearly 22% as more than 62 million shares of the beleaguered smart phone maker and business IT company were exchanged. Shares have fallen steadily since February, plummeting from $70 to around $28 by midday. RIMM said it expects fiscal 2012 EPS to come in between $5.25 and $6, while analysts were predicting $6.25. The company also expects to report revenue as low as $4.2 billion for its most recent quarter, well below analyst expectations of $5.4 billion.

Primo Water Corporation (NASDAQ: PRMW) was up more than 15% to $near $13. The purified water company announced a stock offering of 6 million shares at $11.26 per share. PRMW said it expects to raise $36.1 million and use it to pay off debt and to open new stores.

Mitcham Industries (NASDAQ: MIND), the manufacturer of seismic surveying equipment used by the oil industry, was down more than 9% to about $14.50  on more than 750,000 shares. The company announced that it was offering 2 million shares of common stock at $14.50 per share with plans to raise $27.1 million.  Proceeds to pay off debt and buy seismic lease pool equipment.

China Finance Online (NASDAQ: JRJC) fell more than 20% to about $3.15. The company yesterday reported net revenues for its recent quarter of $15 million, flat compared with the same period in 2010 as well as the previous quarter. Rodman & Renshaw downgraded JRJC to ‘market perform.’

Moody’s Corporation (NYSE: MCO) was down more than 7% on almost 7 million shares to about $35.51. Financial regulators are considering fraud charges against some of the credit-rating firms and Lazard Capital Markets downgraded MCO from “Buy” to “Neutral.”

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.