Morning Market Losers

Biota Pharmaceuticals BOTA shares dropped 31.24% to $3.83 after the company provided an update on the development of laninamivir octanoate. Gogo GOGO shares slipped 22.08% to $14.32 following news that AT&T T intended to launch high-speed 4G in-flight connectivity service. Ultra Clean Holdings UCTT fell 17.53% to $9.74 after the company reported downbeat Q1 earnings. Meru Networks MERU shares slipped 12.10% to $3.87 after the company reported weaker-than-expected Q1 results. Flamel Technologies SA FLML declined 10.84% to $11.68 after the company reported the receipt of CRL from the FDA related to facility of the supplier of the active ingredient. Chart Industries GTLS shares slipped 9.96% to $66.53 after the company reported weaker-than-expected Q1 results and lowered its FY14 outlook. Ballard Power Systems BLDP shares fell 9.80% to $3.69 after the company reported Q1 results. The company posted a quarterly loss of $0.03 per share. The Container Store Group TCS shares fell 9.64% to $26.99 on weaker-than-expected quarterly results. Rudolph Technologies RTEC declined 8.78% to $9.98 on downbeat quarterly results. Universal Truckload Services UACL tumbled 7.72% to $24.74 after the company announced an offering of 1.9 million shares of common stock. Coach COH dipped 7.44% to $46.67 after the company reported downbeat quarterly sales. The company reported Q3 earnings of $0.68 per share on revenue of $1.10 billion. The Goodyear Tire & Rubber Company GT shares slipped 6.39% to $25.47 after the company reported downbeat quarterly results.