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Morning Market Losers

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Rigel Pharmaceuticals (NASDAQ: RIGL) shares dipped 29.66% to $5.93 at 10:00 am. Rigel Pharmaceuticals' trailing-twelve-month ROE is -45.82%.

Harbinger Group (NYSE: HRG) shares lost 25.44% to $7.62. Harbinger Group announced a secondary public offering of shares of its common stock by selling shareholders.

Iridium Communications (NASDAQ: IRDMW) fell 20% to $0.88. Iridium Communications' 52-week trading range is $0.59-$2.97.

CounterPath (NASDAQ: CPAH) dropped 12.50% to $1.75. CounterPath posted a Q2 net loss of $0.3 million.

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