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Market Overview

10 Biggest Mid-Day Losers For Monday

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  • Tobira Therapeutics Inc (NASDAQ: TBRA) shares tumbled 57.9 percent to $4.74 as the company reported that its Phase 2b clinical trial of cenicriviroc missed its primary endpoint.
  • Technical Communications Corporation (NASDAQ: TCCO) shares fell 19.3 percent to $4.15. Technical Communications shares have surged 43.45 percent over the past 52 weeks, while the S&P 500 index has gained 5.19 percent in the same period.
  • Kingtone Wirelessinfo Solutions Hldg Ltd (NASDAQ: KONE) shares declined 18.3 percent to $8.34. Kingtone Wirelessinfo Solutions shares have jumped 91.01 percent over the past 52 weeks, while the S&P 500 index has gained 5.19 percent in the same period.
  • Cleantech Solutions International Inc (NASDAQ: CLNT) shares dropped 11.8 percent to $1.32 as the company reported that it has entered into a stock purchase agreement pursuant to which the Company sold 260,000 shares of common stock at a purchase price of $1.04 per share.
  • Chembio Diagnostics Inc (NASDAQ: CEMI) shares fell 11.7 percent to $7.46. Chembio Diagnostics reported an offering of $10 million common shares. The company also reported preliminary Q2 revenue of $3.2 million to $3.3 million and net loss of $8.3 million to $8.5 million.
  • Santander Consumer USA Holdings Inc (NYSE: SC) shares declined 10 percent to $10.67 after the company reported that it will delay the release of Q2 financial results, earlier scheduled for July 27, 2016.
  • Trinity Industries Inc (NYSE: TRN) fell 4.4 percent to $20.99. Susquehanna downgraded Trinity Industries from Positive to Neutral.
  • Deere & Company (NYSE: DE) declined 3.5 percent to $77.37. Piper Jaffray downgraded Deere from Neutral to Underweight.
  • Ocular Therapeutix Inc (NASDAQ: OCUL) shares dropped 3.1 percent to $5.01 as the company reported that it has received a CRL from FDA for its NDA for DEXTENZA for the treatment of post-surgical ocular pain.
  • Yahoo! Inc. (NASDAQ: YHOO) shares declined 3 percent to $38.24 after Verizon Communications Inc. (NYSE: VZ) confirmed Friday's reports that it will acquire some of Yahoo's assets.
 

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