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Morning Market Losers

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Sophiris Bio (NASDAQ: SPHS) shares dropped 71.54% to $0.8027 after the company reported administrative interim analysis for the "PLUS-1" Phase 3 trial of PRX302.

CGG (NYSE: CGG) shares fell 29.05% to $6.0452 as Technip decided not to bid for the company.

Unwired Planet (NASDAQ: UPIP) shares declined 22.86% to $1.08 after the company issued a comment on the claim construction order in their pending case against Google (NASDAQ: GOOG).

American Realty Capital Properties (NASDAQ: ARCP) dipped 8.23% to $8.25 after the company's Executive Chairman Nick Schorsch announced that he will step down.

Insignia Systems (NASDAQ: ISIG) shares slipped 5.36% to $3.41 after the company announced preliminary expectations for the fourth quarter results. The company expected a net loss for the quarter and revenue to drop 12% to 16% y/y.

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