Morning Market Losers
Pendrell Corporation (NASDAQ: PCO) shares dipped 47% to $1.15 at 9:55 am. Pendrell's trailing-twelve-month operating margin is -1,013.77%.
Halozyme Therapeutics Inc (NASDAQ: HALO) shares lost 22.36% to $8.75. Halozyme Therapeutics reported that the US Food and Drug Administration is requesting additional information to complete its review of the HyQ Biologics License Application.
Lucas Energy Inc (NYSE Amex: LEI) fell 17.40% to $1.81. LEI reported that it has executed definitive agreements with certain institutional investors to raise $5.9 million in gross proceeds.
Good Times Restaurants Inc (NASDAQ: GTIM) dropped 15.46% to $1.75. GTIM's trailing-twelve-month ROE is -33.35%.
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