Morning Market Losers

Biodel Inc BIOD shares dipped 11.35% to $2.8899 at 9:50 am. BIOD's board approved a reverse split of its common stock at a ratio of one-for-four. Majesco Entertainment Co COOL dropped 11.12% to $1.6799. Majesco Entertainment reported a 30% rise in its fiscal second-quarter earnings and cut its full-year earnings forecast. FactSet Research Systems Inc FDS shares lost 9.88% to $94.24. FactSet Research reported an 11% rise in its third-quarter profit. CAS Medical Systems Inc CASM fell 9.52% to $1.71. CASM's trailing-twelve-month ROE is -52.51%.