Morning Market Losers (MNOV, IRDMW, PCE, SCHL)

MediciNova Inc (NASDAQ: MNOV) fell 24.44% to $2.69 at 9:50 am. MNOV priced its underwritten public offering of 2,750,000 units at $3.00 per unit.

Iridium Communications Inc (NASDAQ: IRDMW) shares lost 13.11% to $2.65. IRDMW's trailing-twelve-month profit margin is 6.52%.

Pacific Office Properties Trust (AMEX: PCE) dropped 11.61% to $2.20. PCE's trailing-twelve-month ROE is -176.18%.

Scholastic Corporation (NASDAQ: SCHL) shares dipped 11.56% to $27.63. SCHL reported downbeat FQ3 results and issued weaker-than-expected FY11 earnings guidance.

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