Market Overview

15 Biggest Mid-Day Losers For Monday

  • Cerulean Pharma Inc (NASDAQ: CERU) shares dipped 61.5 percent to $1.28. Cerulean Pharma and Daré Bioscience reported that they have entered into a stock purchase agreement. Cerulean also announced plans to reduce workforce by 11 people. The company reported that it has sold CRLX101 and CRLX301 to BlueLink Pharmaceuticals for $1.5 million and also agreed to sell Dynamic Tumor Targeting Platform to Novartis for $6 million.
  • Medgenics Inc (NASDAQ: GNMX) shares tumbled 55 percent to $2.45 after the company disclosed that that SAGA trial of AEVI-001 did not meet primary endpoint.
  • TOP SHIPS Inc (NASDAQ: TOPS) shares dropped 22.3 percent to $1.53 after declining 10.45 percent on Friday.
  • DryShips Inc. (NASDAQ: DRYS) shares fell 18 percent to $1.37. On Friday, DryShips reported the successful completion of the $200.0 million common stock offering.
  • Ritter Pharmaceuticals Inc (NASDAQ: RTTR) shares declined 15 percent to $1.92.
  • Trans World Entertainment Corporation (NASDAQ: TWMC) shares dropped 11.7 percent to $2.08.
  • QuickLogic Corporation (NASDAQ: QUIK) shares fell 10.3 percent to $2.10. QuickLogic reported a $15 million share offering.
  • Pulmatrix Inc (NASDAQ: PULM) shares declined 10 percent to $2.78 after the company reported up to $11 million at-the-market sales agreement with BTIG on Friday.
  • Agile Therapeutics Inc (NASDAQ: AGRX) shares dropped 6.1 percent to $2.76 after gaining 9.29 percent on Friday.
  • Array Biopharma Inc (NASDAQ: ARRY) slipped 5.6 percent to $9.97 after the company disclosed that it has withdrawn its NDA for Binimetinib.
  • Caleres Inc (NYSE: CAL) shares declined 4.5 percent to $26.69. Susquehanna downgraded Caleres from Positive to Neutral.
  • Destination XL Group Inc (NASDAQ: DXLG) shares fell 4.4 percent to $2.30. Destination XL Group reported Q4 earnings of $0.04 per share on revenue of $122.64 million. The company projects full-year loss of $0.14 per share to a loss of $0.06 per share, and revenue of $470 million to $480 million. Destination XL reported a $12 million buyback plan.
  • Mechel PAO (ADR) (NYSE: MTL) shares declined 4.4 percent to $5.21 after rising 11.45 percent on Friday.
  • Bunge Ltd (NYSE: BG) shares fell 3.4 percent to $79.07. Goldman Sachs downgraded Bunge from Buy to Neutral.
  • Sonic Corporation (NASDAQ: SONC) dropped 2.2 percent to $23.27. Canaccord Genuity downgraded Sonic from Buy to Hold.

Latest Ratings for CERU

Aug 2016BarclaysMaintainsOverweight
Aug 2016WedbushDowngradesOutperformNeutral
Aug 2016Leerink SwannDowngradesOutperformMarket Perform

View More Analyst Ratings for CERU
View the Latest Analyst Ratings


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

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IBIOCantor FitzgeraldInitiates Coverage On3.0
UPLDCanaccord GenuityMaintains57.0
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