Even though the 3 major indices closed in positive territory, some stocks stumbled on bad news today. Here are the companies seeing disappointed shareholders:
Theravance, Inc. (NASDAQ:THRX): Theravence plunges as Phase III results for Relovair discloses pneumonia-related patient deaths. The shares closed at $16.39, down $3.81, or 18.86 percent. Their 52-week trading range had been $16.44 to $28.95.
Piper Jaffray initiates Zynga Inc (NASDAQ:ZNGA) at Overweight rating and target of $11. ZNGA shares closed at $8.00, down $0.81, or 9.19 percent. Their 52-week trading range had been $8.45 to $11.50.
CareFusion Corporation (NYSE:CFN): CareFusion falls 8.2 percent on earnings warning becoming one of the S&P 500’s biggest casualties. The shares closed at $23.28, down $2.2, or 8.63 percent. TTheir 52-week trading range had been $22.01 to $29.97.
Health Management Associates, Inc. (NYSE:HMA): Health Management spikes up after Susquehanna’s AJ Rice advised buy on weakness. After CRT Capital reported on a lawsuit filed by a former auditor, HMA had dropped more than 12 percent. The shares closed at $6.96, down $0.53, or 7.08%. Their 52-week trading range had been $6.06 to $11.74.
Further Reading: CME and 3 Stocks Spilling to 52-Week Lows>>
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