Morning Market Losers

Sophiris Bio SPHS shares dropped 71.54% to $0.8027 after the company reported administrative interim analysis for the "PLUS-1" Phase 3 trial of PRX302. CGG CGG shares fell 29.05% to $6.0452 as Technip decided not to bid for the company. Unwired Planet UPIP shares declined 22.86% to $1.08 after the company issued a comment on the claim construction order in their pending case against Google GOOG. American Realty Capital Properties ARCP dipped 8.23% to $8.25 after the company's Executive Chairman Nick Schorsch announced that he will step down. Insignia Systems ISIG shares slipped 5.36% to $3.41 after the company announced preliminary expectations for the fourth quarter results. The company expected a net loss for the quarter and revenue to drop 12% to 16% y/y.