10 Biggest Mid-Day Losers For Monday - Apple (NASDAQ:AAPL), ADMA Biologics (NASDAQ:ADMA)

VirnetX Holding Corporation VHC shares dropped 43 percent to $2.47 as the company reported that the District Court for the Eastern District of Texas has issued new order in the company’s litigation against Apple Inc. AAPL vacating previous order.
Keryx Biopharmaceuticals KERX shares dipped 29.3 percent to $5.20 after the company revealed that there is an imminent supply interruption of Auryxia (ferric citrate) tablets due to a production-related issue converting active pharmaceutical ingredient (API) to finished drug product. As a result, the company also withdrew the outlook for the current year. The company also reported second quarter results incurring a net loss of $44.7 million, or $0.42 loss per share, wider than a net loss of $26.9 million, or $0.26 loss per share, for the comparable period in 2015.
Inotek Pharmaceuticals Corp ITEK shares tumbled 29 percent to $6.73 as the company reported a proposed public offering of $50 million of Convertible Senior Notes due 2021.
ADMA Biologics Inc ADMA shares dropped 21 percent to $6.20 after the company reported that it has received a CRL from the FDA for its pending Biologics License Application.
Hutchinson Technology Incorporated HTCH shares declined 15 percent to $1.67. On Friday, Hutchinson Technology reported a Q3 loss of $0.18 per share on revenue of $53.2 million.
Insperity Inc NSP dropped 13.3 percent to $68.05. Insperity posted better-than-expected quarterly earnings, but the company missed analysts’ sales estimates.
Seres Therapeutics Inc MCRB shares fell 6.5 percent to $10.23 after dropping 69.42 percent on Friday. Bank of America downgraded Seres Therapeutics from Buy to Neutral.
SolarCity Corp SCTY shares declined 6.1 percent to $25.07 as Tesla Motors Inc TSLA announced plans to acquire SolarCity for $2.6 billion in stock.
Transocean LTD RIG shares fell 4.7 percent to $10.46. Transocean and Transocean Partners LLC RIGP revealed Monday they have struck a deal whereby the former would buy all the outstanding units of the latter in a share-for-unit merger transaction. As a result, Transocean Partners would get 1.1427 shares of the company for every unit held.
GNC Holdings Inc GNC declined 4 percent to $19.62. Wedbush downgraded GNC Holdings from Outperform to Neutral.

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