12 Biggest Mid-Day Losers For Monday

CARDIOME PHARMA CORP CRME shares tumbled 38.2 percent to $2.39 after the company issued U.S. regulatory update for BRINAVESS. The FDA advised Cardiome that the data package proposed is not sufficient to support re-submission of the BRINAVESS NDA.
Francesca's Holdings Corp FRAN shares dipped 14.9 percent to $6.79. Francesca’s reported the departure of Laurie Hummel, EVP and Chief Merchandising Officer. The company reported preliminary Q2 earnings of $0.20 per share.
Digital Ally, Inc. DGLY shares fell 13.4 percent to $2.90. Digital Ally priced 1 million shares equity offering at $3 per share.
TapImmune Inc TPIV shares dropped 12.7 percent to $2.95.
Patriot National Inc PN shares fell 10.2 percent to $2.03.
RADA Electronic Ind. Ltd. RADA declined 9.3 percent to $2.43. Rada Electronic reported the sale of 4.6 million shares at $2.15 per share to Israeli Institutional Investors.
BroadVision, Inc. BVSN shares slipped 8.3 percent to $3.85.
Finish Line Inc FINL shares dropped 7.4 percent to $10.20. UBS downgraded Finish Line from Neutral to Sell.
Canadian Solar Inc. CSIQ shares dropped 6.2 percent to $15.60. Barclays downgraded Canadian Solar from Equal-Weight to Underweight.
Snap-on Incorporated SNA shares declined 3.5 percent to $142.83. Longbow Research downgraded Snap-on from Buy to Neutral.
Nike Inc NKE dropped 2.6 percent to $53.54. Jefferies downgraded Nike from Buy to Hold.
Infosys Ltd ADR INFY fell 2.6 percent to $14.41. JP Morgan downgraded Infosys from Overweight to Neutral. Infosys announced the resignation of its CEO Dr. Vishal Sikka on Friday.

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