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Morning Market Losers

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Atlantic Power (NYSE: AT) shares dropped 30.92% to $2.63 after the company reported an update for outcome of strategic review. The company also lowered its annual dividend and also announced President and CEO transition.

Majesco Entertainment Co (NASDAQ: COOL) shares tumbled 22.94% to $1.41 after the company reported a wider-than-expected third-quarter loss. Majesco Entertainment also announced its plans to explore strategic alternatives for the company.

SIGA Technologies (NASDAQ: SIGA) slipped 19.44% to $1.16 after the company filed for Chapter 11 bankruptcy.

Avanir Pharmaceuticals (NASDAQ: AVNR) shares dropped 7.93% to $11.50 after jumping 85.31% on Monday.

Gastar Exploration (NYSE: GST) shares declined 7.07% to $7.10 after the company announced a proposed public offering of common stock.

Lehigh Gas Partners LP (NYSE: LGP) shares dropped 5.31% to $33.53 after the company priced 3.6 million units at $33.99 per unit for net proceeds of $117.4 million.

Opexa Therapeutics (NASDAQ: OPXA) declined 4.34% to $1.22 after the company announced the termination of public offering of common stock.

Analogic (NASDAQ: ALOG) shares slipped 3.85% to $68.74 after the company reported weaker-than-expected fourth-quarter revenue. However, the company reported upbeat quarterly earnings. Brean Capital downgraded Analogic from Buy to Hold and removed the price target of $95.00.

Alcoa (NYSE: AA) shares dropped 1.46% to $16.15 after the company reported a proposed public offering of 25 million in mandatory convertible preferred shares.

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

 

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