7 Biggest Mid-Day Losers For Wednesday


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


 

  • Galena Biopharma Inc (NASDAQ: GALE) shares dropped 85 percent to $0.310 after the company reported the discontinuation of Phase 3 PRESENT clinical trial due to futility of study.
  • Lipocine Inc (NASDAQ: LPCN) shares tumbled 51.8 percent to $3.03 following announcement of a Complete Response Letter from the FDA. The response letter noted deficiencies in dosing algorithm on label.
  • Esperion Therapeutics Inc (NASDAQ: ESPR) shares fell 38.2 percent to $9.99 after failing to reach an agreement with the FDA regarding a definitive approval path for its ETC-1002, a cholesterol-lowering pill. JP Morgan downgraded Esperion Therapeutics from Overweight to Neutral and lowered the price target from $50.00 to $15.00, while Credit Suisse also downgraded the stock from Neutral to Underperform and lowered the price target from $23.00 to $10.00.
  • Eclipse Resources Corp (NYSE: ECR) shares declined 16 percent to $3.45. Eclipse Resources reported an offering of 37.5 million shares of common stock. The company also raised its production guidance to 205-210 MMcfe per day for 2016.
  • Kitov Pharmaceuticals Holdings Ltd (ADR) (NASDAQ: KTOV) shares dropped 10 percent to $3.05 as the company reported the pricing of its $12 million follow-on public offering in the U.S.A.
  • China Ceramics Co Ltd (NASDAQ: CCCL) shares fell 7.4 percent to $2.64 after the company reported the settlement of class action litigation.
  • Southwestern Energy Company (NYSE: SWN) shares slipped 5 percent to $13.19. Southwestern Energy reported a 75 million share offering to replay part of loan.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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