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Morning Market Losers


Tower Group International (NASDAQ: TWGP) dropped 24.05% to $2.99 after the company announced the sale of its 10.7% equity stake in Canopius Group Limited. Compass Point downgraded the stock from Buy to Neutral.

Jabil Circuit (NYSE: JBL) plummeted 21.15% to $15.55 after the company reported downbeat fiscal first-quarter results and issued a weak outlook for its second quarter. Citigroup downgraded the stock from Neutral to Sell and lowered the target price from $24 to $14.

Onconova Therapeutics (NASDAQ: ONTX) dropped 15.74% to $13.80 after the company announced the discontinuation of the Phase 3 ONTRAC study of intravenous (IV) rigosertib plus gemcitabine in front-line metastatic pancreatic cancer.

China Nepstar Chain Drugstore (NYSE: NPD) dropped 15.44% to $2.08. China Nepstar Chain Drugstore's PEG ratio is -4.69.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets


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