Market Overview

Morning Market Losers

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Astea International (NASDAQ: ATEA) shares fell 20.86% to $1.48. Astea posted a Q3 net loss of $0.9 million on revenue of $5.1 million.

Sky-mobi (NASDAQ: MOBI) shares tumbled 13.88% to $6.02 after the company reported Q3 earnings of $0.01 per share on revenue of $34.40 million.

DreamWorks Animation SKG (NASDAQ: DWA) shares dipped 13.11% to $22.61. Talks between Hasbro (NASDAQ: HAS) and DreamWorks Animation have apparently stalled and are unlikely to resume, according to sources reported by WSJ.

Castle Brands (NYSE: ROX) shares dropped 12.62% to $1.73 after the company reported a Q2 loss of $0.01 per share.

Inovio Pharmaceuticals (NASDAQ: INO) shares declined 10.41% to $9.86. Inovio Pharmaceuticals and Roche (OTC: RHHBY) have terminated their 2013 collaboration, option, and license agreement to co-develop INO-5150.

Denbury Resources (NYSE: DNR) shares slipped 9.33% to $10.15. Denbury announced its plans to lower its 2015 capital spending by 50%. Credit Suisse downgraded Denbury Resources from Outperform to Neutral and lowered the price target from $19.00 to $16.00.

SinoCoking Coal and Coke Chemical Industries (NASDAQ: SCOK) shares dropped 8.81% to $3.00. On Friday, SinoCoking reported a Q1 loss of $0.12 per share on revenue of $13.57 million.

 

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