Morning Market Losers

Atlantic Power 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 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 SIGA slipped 19.44% to $1.16 after the company filed for Chapter 11 bankruptcy. Avanir Pharmaceuticals AVNR shares dropped 7.93% to $11.50 after jumping 85.31% on Monday. Gastar Exploration GST shares declined 7.07% to $7.10 after the company announced a proposed public offering of common stock. Lehigh Gas Partners LP 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 OPXA declined 4.34% to $1.22 after the company announced the termination of public offering of common stock. Analogic 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 AA shares dropped 1.46% to $16.15 after the company reported a proposed public offering of 25 million in mandatory convertible preferred shares.