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Mid-Day Market Losers

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Peregrine Pharmaceuticals (NASDAQ: PPHM) fell 76.81% to $1.25 at 1:00 pm. Peregrine Pharmaceuticals reported that it discovered major discrepancies in its Phase II trial data of bavituximab.

Questcor Pharmaceuticals (NASDAQ: QCOR) shares dipped 32.59% to $20.31. Analysts at ThinkEquity downgraded Questcor from “buy” to “hold.”

Daegis (NASDAQ: DAEG) dropped 19.08% to $1.40. Daegis' trailing-twelve-month ROE is -110.48%.

Dialogic (NASDAQ: DLGC) shares lost 15.44% to $2.71. Dialogic shares have dipped 72.56% over the past 52 weeks, while the S&P 500 index has gained 25.57% in the same period.

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