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Guggenheim Securities Downgrades Biota Pharmaceuticals To Neutral

Biota Pharmaceuticals (NASDAQ: BOTA) shares dropped 31.24% to $3.83 after the company provided an update on the development of laninamivir octanoate.

Gogo (NASDAQ: GOGO) shares slipped 22.08% to $14.32 following news that AT&T (NYSE: T) intended to launch high-speed 4G in-flight connectivity service.

Ultra Clean Holdings (NASDAQ: UCTT) fell 17.53% to $9.74 after the company reported downbeat Q1 earnings.

Meru Networks (NASDAQ: MERU) shares slipped 12.10% to $3.87 after the company reported weaker-than-expected Q1 results.

Flamel Technologies SA (NASDAQ: FLML) declined 10.84% to $11.68 after the company reported the receipt of CRL from the FDA related to facility of the supplier of the active ingredient.

Chart Industries (NASDAQ: GTLS) shares slipped 9.96% to $66.53 after the company reported weaker-than-expected Q1 results and lowered its FY14 outlook.

Ballard Power Systems (NASDAQ: BLDP) shares fell 9.80% to $3.69 after the company reported Q1 results. The company posted a quarterly loss of $0.03 per share.

The Container Store Group (NYSE: TCS) shares fell 9.64% to $26.99 on weaker-than-expected quarterly results.

Rudolph Technologies (NYSE: RTEC) declined 8.78% to $9.98 on downbeat quarterly results.

Universal Truckload Services (NASDAQ: UACL) tumbled 7.72% to $24.74 after the company announced an offering of 1.9 million shares of common stock.

Coach (NYSE: COH) dipped 7.44% to $46.67 after the company reported downbeat quarterly sales. The company reported Q3 earnings of $0.68 per share on revenue of $1.10 billion.

The Goodyear Tire & Rubber Company (NYSE: GT) shares slipped 6.39% to $25.47 after the company reported downbeat quarterly results.

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