Morning Market Losers
Ballard Power Systems (NASDAQ: BLDP) plummeted 14.20% to $1.39 after the company priced an underwritten offering of 9 million units at a price of $1.40 per unit.
Lannett Company (NYSE: LCI) dropped 12.37% to $18.34 after the company priced an underwritten public offering of 5,869,566 shares of common stock at a price of $18.00 per share.
Neostem (NYSE: NBS) dropped 9.85% to $7.07 after the company priced an underwritten public offering of 5,000,000 shares of common stock at an offering price of $7.00 per share.
Xyratex (NASDAQ: XRTX) dropped 7.58% to $11.09 after the company issued downbeat forecast for the fourth quarter.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.