Xyratex Ltd. (NASDAQ:XRTX) is down 14.83% this morning at $7.41. XRTX has traded 1.1 million shares so far today, 4 times its daily average volume. Xyratex missed third quarter estimates as revenue falls 24%. The company also forecasted a net loss for the current quarter. The company has a market cap of 205.43 million.
Leap Wireless International Inc. (NASDAQ:LEAP) is down 15.81% today at $6.39. LEAP has traded 10.09 million shares already this morning, about 5 times its normal volume. LEAP was downgraded to neutral from overweight by J.P. Morgan. J.P. Morgan analysts downplayed the idea that Sprint would buy Leap saying it is “unattractive” for Sprint. The company has a market cap of 507.04 million.
Antares Pharma Inc. (NASDAQ:ATRS) is down 8.41% today at $4.03. ATRS has traded 5.5 million shares so far today, well above its daily average of 1.7 million shares. ATRS share are falling today after the company priced a 12.5 million share stock offering at $4.00/share. The company has a market cap of 443.87 million.
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) is down 8.12% today at $9.51. RIGL has traded 2.9 million shares so far today, well above its daily average of 287 thousand shares. Rigel Pharmaceuticals announced an offering of 13.6 million shares at $9.50 per share today. The company has a market cap of 684.03 million.
Isis Pharmaceuticals, Inc. (NASDAQ:ISIS) is down 7.34% this morning at $12.25. ISIS has traded 1.4 million shares so far today, 300 thousand shares more than its daily average. ISIS shares are down again today and have dropped more than $2 a share over the past week. The company has a market cap of 1.24 billion.
ZIOPHARM Oncology, Inc. (NASDAQ:ZIOP) is down 4.47% today at $5.0250. ZIOP has traded 752 thousand shares so far today, well above its daily average of 443 thousand shares. ZIOP shares have fallen $0.60 a share over the past five days. The company has a market cap of 393.76 million.
About MarcS
