12 Biggest Mid-Day Losers For Monday

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  • Pain Therapeutics, Inc. PTIE shares dipped 53.6 percent to $1.27 after the company reported that it has received a complete response letter from the FDA. The FDA determined that REMOXY cannot be approved.
  • DURECT Corporation DRRX shares dropped 32.7 percent to $1.14 after the company reported that its licensee Pain Therapeutics has received a complete response letter from the FDA for REMOXY.
  • RetailMeNot Inc SALE shares dropped 21.5 percent to $8.85. Stifel Nicolaus downgraded RetailMeNot from Hold to Sell.
  • Universal Technical Institute, Inc. UTI shares dropped 16.8 percent to $1.59. AdvanSix Inc. ASIX will replace Universal Technical Institute in the S&P SmallCap 600 after the close of trading on October 3.
  • Skypeople Fruit Juice Inc SPU shares fell 16.8 percent to $8.25. SkyPeople Fruit Juice resumed trading today at 10:15 a.m. ET. Trading in the stock was halted on September 20, 2016 at 9:47:33 ET.
  • Himax Technologies, Inc. (ADR) HIMX shares declined 14.3 percent to $9.20. Nomura downgraded Himax Technologies from Buy to Neutral.
  • Lands' End, Inc. LE fell 14.4 percent to $15.41. Land's End named Joseph Boitano and James Gooch as co-interim CEOs to replace Federica Marchionnni, who stepped down from the CEO position. The appointment would come into immediate effect. CL King downgraded Lands' End from Buy to Neutral.
  • Natus Medical Inc BABY declined 9 percent to $40.03. Natus Medical lowered its Q3 sales outlook and agreed to acquire GN Otometrics for $145 million in cash.
  • Deutsche Bank AG (USA) DB shares dropped 7 percent to $11.86. According to Bloomberg, Deutsche Bank could be forced to raise capital to help finance a $14 billion fee given by the U.S. Justice Department to settle a probe tied to the bank's residential mortgage-backed securities practices prior to the financial crisis. Specifically, the German bank allegedly misled investors over the quality of subprime mortgage bonds it created and sold prior to the 2008 financial crisis.
  • InterContinental Hotels Group PLC (ADR) IHG shares fell 5.7 percent to $40.65. Morgan Stanley downgraded InterContinental Hotels from Equal-weight to Underweight.
  • Cal-Maine Foods Inc CALM fell 3.7 percent to $40.60 after the company reported a wider-than-expected loss for its first quarter.
  • Twitter Inc TWTR shares declined 3.2 percent to $21.91. Oppenheimer downgraded Twitter from Perform to Underperform.
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Posted In: NewsMovers & ShakersIntraday UpdateMarketsMid-Day LosersTop Losers
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