Morning Market Losers
Kips Bay Medical Inc (NASDAQ: KIPS) shares dipped 21.05% to $2.25 at 9:50 am. Manny Villafaña, Chairman and Chief Executive Officer of Kips Bay Medical reported that the FDA continues to require additional information from the Company prior to allowing the Company to pursue a clinical study of its eSVS® MESH in the US.
TranS1 Inc (NASDAQ: TSON) dropped 18.38% to $3.02. TSON priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share.
Gushan Environmental Energy Limited (NYSE: GU) fell 17.43% to $1.99. GU's trailing-twelve-month profit margin is -115.48%.
Walter Energy Inc (NYSE: WLT) shares lost 13.40% to $64.95. WLT has a dividend yield of 0.60%.
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