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Morning Market Losers

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Achillion Pharmaceuticals (NASDAQ: ACHN) dropped 53.04% to $3.40 on Friday's clinical hold announcement.

Kingtone Wirelessinfo Solution Holding (NASDAQ: KONE) dropped 12.42% to $2.61. Kingtone Wirelessinfo Solution's trailing-twelve-month ROE is -21.60%

IFM Investments (NYSE: CTC) dropped 12.25% to $1.79. IFM investments had $27.00 million in total cash for the latest quarter.

China Shengda Packaging Group (NASDAQ: CPGI) plummeted 10.98% to $0.96. China Shengda Packaging's trailing-twelve-month EPS is $0.10.

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