Morning Market Losers
The Bancorp (NASDAQ: TBBK) shares fell 35.62% to $10.43. Sandler O'Neill downgraded The Bancorp from Buy to Hold.
Orexigen Therapeutics (NASDAQ: OREX) shares tumbled 15.65% to $5.74 after the company received three month extension of the FDA NB32 review.
Auxilium Pharmaceuticals (NASDAQ: AUXL) fell 7.57% to $20.14 after the company announced the release of generic version Of Testim testosterone gel.
Sanchez Energy (NYSE: SN) dropped 4.10% to $33.29 after the company's release showed intent to offer 5 million shares of common stock.
Penn Virginia (NYSE: PVA) declined 2.94% to $13.70 after the company priced private offering of $275 million depositary shares.
Exelon (NYSE: EXC) shares declined 1.64% to $36.55 after the company announced an offering of 50 million shares.
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