Market Overview

12 Biggest Mid-Day Losers For Friday

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  • Bonanza Creek Energy Inc (NYSE: BCEI) shares tumbled 57.7 percent to $0.830 after the company reported that it has entered into a restructuring support agreement with bondholders holding more than $400 million in unsecured debt. The company also disclosed that it will commence its prepackaged bankruptcy case on or before January 5, 2017.
  • CEL-SCI Corporation (NYSE: CVM) shares fell 18 percent to $0.0729 after the company disclosed that the FDA has issued an incomplete response to hold letter. CEL-SCI said that the FDA has identified 4 deficiencies related to clinical hold letter and the company is reviewing all options in response to the FDA's incomplete response to hold letter.
  • Strongbridge Biopharma plc (NASDAQ: SBBP) shares dropped 16.7 percent to $3.00. Strongbridge reported a Q2 loss of $0.36 per share and announced the acquisition of U.S. rights to KEVEYIS from Taro Pharmaceutical Industries. The company also announced a $35 million equity financing.
  • Tokai Pharmaceuticals Inc (NASDAQ: TKAI) shares dipped 12.4 percent to $1.06. On Thursday, Tokai Pharmaceuticals and Otic Pharma disclosed that they have entered into a share purchase agreement.
  • Opexa Therapeutics Inc (NASDAQ: OPXA) dropped 11.8 percent to $0.970. Opexa Therapeutics shares have dropped 64.63 percent over the past 52 weeks, while the S&P 500 index has gained 9.53 percent in the same period.
  • GulfMark Offshore, Inc. (NYSE: GLF) declined 11.5 percent to $1.73. GulfMark Offshore shares have tumbled 65.43 percent over the past 52 weeks, while the S&P 500 index has gained 9.53 percent in the same period.
  • TerraVia Holdings, Inc. (NASDAQ: TVIA) shares fell 10.9 percent to $1.02.
  • PAVmed Inc. (NASDAQ: PAVM) shares declined 9.7 percent to $7.00.
  • Power Solutions International Inc (NASDAQ: PSIX) shares dropped 9 percent to $9.91 after rising 6.77 percent on Thursday.
  • GNC Holdings Inc (NYSE: GNC) declined 7.1 percent to $11.28. Piper Jaffray lowered price target on GNC Holdings from $11 to $7.
  • NTN Buzztime Inc (NYSE: NTN) dropped 5.3 percent to $8.36. NTN Buzztime has filed for a mixed shelf offering of up to $25 million.
  • Cintas Corporation (NASDAQ: CTAS) shares fell 3.9 percent to $115.44. Cintas reported weak earnings for its second quarter. However, the company raised its forecast for fiscal 2017.

Posted-In: Mid-Day LosersNews Movers & Shakers Intraday Update Markets

 

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