Morning Market Losers

Ingersoll-Rand Plc (NYSE:
IR
) dropped 21% to $56.42 after the company completed the spinoff of Allegion. ZOOM Technologies (NASDAQ:
ZOOM
) dropped 19.18% to $5.22. ZOOM Technologies' trailing-twelve-month ROE is -12.78%. Cobalt International Energy (NYSE:
CIE
) dropped 13.18% to $19.30 after the company confirmed that it has successfully tested its earlier announced Lontra #1 Pre-salt discovery well in Block 20, offshore Angola. Durata Therapeutics (NASDAQ:
DRTX
) plummeted 12.50% to $10.78 after Wedbush downgraded the stock from Outperform to Neutral.
Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.