Morning Market Losers

Targacept Inc

shares dipped 25.58% to $5.79 at 9:50 am. Targacept announced top-line results from the second of four RENAISSANCE Phase 3 studies of TC-5214 as an adjunct therapy in patients with major depressive disorder. Citizens South Banking Corp

shares lost 23.68% to $2.90. CSBC's PEG ratio is -2.70. SPAR Group Inc

dropped 7.89% to $1.05. SGRP's trailing-twelve-month profit margin is 3.21%. Red Hat Inc

fell 6.84% to $42.90. RHT projected current-quarter earnings of $0.26 to $0.27 per share on revenue of $289 to $292 million. However, analysts were expecting a profit of $0.26 per share on revenue of $292.5 million.