Morning Market Losers
Sophiris Bio (NASDAQ: 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 (NYSE: CGG) shares fell 29.05% to $6.0452 as Technip decided not to bid for the company.
American Realty Capital Properties (NASDAQ: ARCP) dipped 8.23% to $8.25 after the company's Executive Chairman Nick Schorsch announced that he will step down.
Insignia Systems (NASDAQ: 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.
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