Morning Market Losers

Ballard Power Systems BLDP plummeted 14.20% to $1.39 after the company priced an underwritten offering of 9 million units at a price of $1.40 per unit. Lannett Company LCI dropped 12.37% to $18.34 after the company priced an underwritten public offering of 5,869,566 shares of common stock at a price of $18.00 per share. Neostem NBS dropped 9.85% to $7.07 after the company priced an underwritten public offering of 5,000,000 shares of common stock at an offering price of $7.00 per share. Xyratex XRTX dropped 7.58% to $11.09 after the company issued downbeat forecast for the fourth quarter.