Morning Market Losers
Mecox Lane Limited (NASDAQ: MCOX) shares moved down 24.40% to $3.75 at 9:55 am. MCOX reported a 2.4% year-over-year decline in its Q1 revenue.
Identive Group Inc (NASDAQ: INVE) shares dropped 13.27% to $2.55. INVE announced offering to sell shares of its common stock in an underwritten public offering in the US.
China-Biotics Inc (NASDAQ: CHBT) dipped 9.52% to $8.36. CHBT shares have dropped 36.14% over the past 52 weeks, while the S&P 500 index has gained 22.70% in the same period.
TearLab Corporation (NASDAQ: TEAR) fell 8.22% to $2.01. TEAR's trailing-twelve-month operating margin is -408.23%.
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