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Morning Market Losers

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Morning Market Losers
Crude Oil Surges Higher, Oil Stocks Soar
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Land O'Lakes And Ceres Agree To Merge; Stock Surges 78%

Samson Oil & Gas Limited (AMEX: SSN) shares dipped 28.14% to $1.20 at 9:55 am. Samson Oil & Gas provided updates on four wells.

Ceres (NASDAQ: CERE) dropped 17.28% to $7.42. Ceres's trailing-twelve-month ROE is -84.87%.

Phoenix New Media Limited (NYSE: FENG) shares lost 11.67% to $4.92. Phoenix New Media shares have dropped 36.42% over the past 52 weeks, while the S&P 500 index has gained 3.80% in the same period.

J. C. Penney Company (NYSE: JCP) fell 9.88% to $21.92. J.C. Penney's president Michael Francis will leave the company.

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