Morning Market Losers
Tower Group International (NASDAQ: TWGP) plummeted 36.03% to $4.74 after the company reported that it expects to add nearly $365 million to its loss reserves and will take a non-cash goodwill impairment charge of $215 million.
CEL-SCI (NYSE: CVM) dropped 29.42% to $0.88 after the company priced $17.8 million public offering of common stock and warrants.
Jamba (NASDAQ: JMBA) dropped 19.90 percent to $10.79 after the company cut its FY13 outlook for same-store sales and profit margin.
Astronics (NASDAQ: ATRO) dropped 16.05% to $42.00. Astronics shares have jumped 94.31% over the past 52 weeks, while the S&P 500 index has gained 16.28% in the same period.
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