Morning Market Losers
Ingersoll-Rand Plc (NYSE: IR) dropped 21% to $56.42 after the company completed the spinoff of Allegion.
ZOOM Technologies (NASDAQ: ZOOM) dropped 19.18% to $5.22. ZOOM Technologies' trailing-twelve-month ROE is -12.78%.
Cobalt International Energy (NYSE: CIE) dropped 13.18% to $19.30 after the company confirmed that it has successfully tested its earlier announced Lontra #1 Pre-salt discovery well in Block 20, offshore Angola.
Durata Therapeutics (NASDAQ: DRTX) plummeted 12.50% to $10.78 after Wedbush downgraded the stock from Outperform to Neutral.
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