Market Overview

Afternoon Market Losers

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Erickson Air-Crane (NASDAQ: EAC) tumbled 13.03 percent to $21.19 on threatening insider deal that ZM Funds will began liquidating shares of Erickson and sell 100 percent of its entire stake.

Velti Plc (NASDAQ: VELT) dropped 8.71 percent to $1.41 after the company laid off about 200 staff and lowered its guidance for 2013.

China Recycling Energy (NASDAQ: CREG) traded down 11.38 percent to $1.02.

Cornerstone Therapeutics (NASDAQ: CRTX) plummeted 11.32 percent to $8.77 after the company received CARDENE(R) I.V. Paragraph IV Notice letter

Dynavax Technologies (NASDAQ: DVAX) dropped 10.14 percent to a new 52-week low of $1.24 on major FDA setback.

Barnes & Noble (NYSE: BKS) dropped 6.86 percent to $19.84 on a Deal Reporter story that Microsoft (NASDAQ: MSFT) may not be buying the assets of Nook Media.

Hemisphere Media Group (NASDAQ: HMTV) plunged 15.50 percent to $13.47.

Unilife (NASDAQ: UNIS) traded down 6.41 percent to $3.07. Shares of the Unilife have dropped about 25 percent over the past 52 weeks, while the S&P 500 index has gained about 23.4 percent.

Sigma Designs (NASDAQ: SIGM) plunged 8.78 percent to $4.78 on reported EPS this quarter that missed consensus by a penny and revenue that topped expectations.

Posted-In: Economics Markets Movers Reviews


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