7 Biggest Mid-Day Losers For Wednesday
Fibrocell Science Inc (NASDAQ: FCSC) shares tumbled 39.70 percent to $1.20 after the company revealed that the primary endpoints were not met in its second stage clinical trial of azficel-T for the treatment of vocal cord scarring resulting in chronic or severe dysphonia.
VeriFone Systems Inc (NYSE: PAY) shares dropped 27.88 percent to $20.36 as the company reported downbeat earnings for its second quarter and announced its plans to lower its workforce. The company also cut its annual outlook.
Catabasis Pharmaceuticals Inc (NASDAQ: CATB) shares fell 25.69 percent to $5.09 as the company reported that it failed to meet primary endpoint in CAT-2054 Phase 2a trial.
Erickson Inc (NASDAQ: EAC) shares declined 13.93 percent to $1.05. Erickson Air-Crane named David W. Lancelot as Chief Financial Officer effective June 13, 2016.
Flexion Therapeutics Inc (NASDAQ: FLXN) shares declined 12.93 percent to $14.01 as the company reported an offering of $60 million in common stock.
Ardmore Shipping Corp (NYSE: ASC) shares tumbled 9.34 percent to $8.83. Ardmore Shipping priced 7.5 million shares at $8.90 per share.
Sunoco LP (NYSE: SUN) shares fell 7.74 percent to $31.11. Jefferies downgraded Sunoco from Hold to Underperform and lowered the price target from $35.00 to $23.00.
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