12 Biggest Mid-Day Losers For Thursday

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  • Aradigm Corporation ARDM shares dropped 57.1 percent to $2.25. Aradigm disclosed that it has met primary and secondary endpoint in ORBIT-4. However, it missed ORBIT-3 primary and secondary endpoint.
  • Heat Biologics Inc HTBX shares tumbled 55.9 percent to $1.27 following a negative outcome of its bladder cancer study. Heat Biologics said its phase 2 trial of Vesigenurtacel-L (HS-410) in combination with BCG in patients with non-muscle invasive bladder cancer (NMIBC) failed to meet primary endpoint.
  • Palatin Technologies, Inc. PTN declined 29.7 percent to $0.570. Palatin Technologies priced 25.38 million shares for $16.5 million in gross proceeds.
  • Express, Inc. EXPR dropped 21.9 percent to $10.44 after the company issued a weak outlook for the fourth quarter.
  • Bazaarvoice Inc BV shares declined 13.7 percent to $4.57. Bazaarvoice reported Q2 earnings of $0.02 per share on revenue of $50.4 million.
  • FuelCell Energy Inc FCEL dropped 13.3 percent to $1.95 after the company announced plans to cut 17 percent of its workforce. The company also issued a weak sales forecast for the fourth quarter.
  • Forward Pharma A/S FWP shares declined 11.6 percent to $19.56. Forward Pharma shares have increased 1.65 percent over the past 52 weeks, while the S&P 500 index has gained 4.57 percent in the same period.
  • Guess?, Inc. GES shares fell 11.2 percent to $13.60 as the company reported weaker-than-expected earnings for its third quarter on Wednesday.
  • Dollar General Corp. DG shares dropped 8 percent to $71.16 after the company posted downbeat Q3 earnings.
  • Xencor Inc XNCR shares fell 4.3 percent to $24.45. Xencor priced its 4.585 million offering at $24 per share.
  • Cerner Corporation CERN declined 3.7 percent to $47.92. Leerink Swann downgraded Cerner from Outperform to Market Perform.
  • Quintiles IMS Holdings Inc Q shares dropped 3.3 percent to $74.33. Raymond James downgraded Quintiles IMS from Strong Buy to Market Perform.
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Posted In: NewsMovers & ShakersIntraday UpdateMarketsMid-Day LosersTop Losers
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