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Morning Market Losers


Bellerophon Therapeutics Inc (NASDAQ: BLPH) shares tumbled 57.52 percent to $3.25 after the company reported top-line results from its PRESERVATION I clinical trial for Bioabsorbable Cardiac Matrix.

Republic Airways Holdings Inc. (NASDAQ: RJET) shares fell 36.53 percent to $5.39 as the company reported preliminary second quarter 2015 results on Friday. The company projected Q2 net income of $0.08 to $0.10 per share, on operating revenue of $338 to $340 million. Deutsche Bank downgraded Republic Airways Holdings from Buy to Hold and lowers the price target from $15.00 to $9.00.

Bioline RX Ltd (NASDAQ: BLRX) dropped 26.89 percent to $1.55 after the company confirmed negative top-line results from Bellerophon's PRESERVATION I clinical trial for Bioabsorbable Cardiac Matrix.

Mylan NV (NASDAQ: MYL) shares dipped 14.39 percent to $56.45. Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced its plans to buy Allergan PLC's (NYSE: AGN) generic drugs unit for $40.5 billion in a cash and stock deal. Teva also reported that it has dropped its $40 billion cash and stock bid for Mylan.

SFX Entertainment Inc (NASDAQ: SFXE) slipped 11.66 percent to $3.41. Stifel Nicolaus downgraded SFX Entertainment from Buy to Hold.

Noah Holdings Limited (ADR) (NYSE: NOAH) dropped 11.50 percent to $20.71. Noah Holdings is expected to announce Q2 financial results on Monday, August 3, 2015.

Weibo Corp (ADR) (NASDAQ: WB) shares slipped 9.19 percent to $13.15 after falling 2.95 percent on Friday.

JD.Com Inc(ADR) (NASDAQ: JD) shares dropped 5.37 percent to $32.78 after slipping 0.17 percent on Friday.


Related Articles (RJET + BLPH)

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