Biggest Losers (RIMM,UCBI,SWSI,RAD,KBH)

Research In Motion Limited (USA) (NASDAQ: RIMM) fell sharply 15.72% to its more than one month low $70.00 on massive volume of 50.36 million shares so far after  its second fiscal quarter declined to $475.6 million, or 83 cents per share, from $495.5 million, or 86 cents a share, for the same period last year. Results for the recent period include a charge of $112.8 million related to the settlement of a patent dispute with Visto Corp. Excluding the charge, RIM said it would have earned $588.4 million, or $1.03 per share, for the recent period. Revenue jumped 37% to $3.53 billion. Analysts were expecting earnings of $1 per share on revenue of $3.62 billion, according to consensus estimates from Thomson Reuters.

United Community Banks, Inc. (NASDAQ: UCBI) slipped 19% to $4.89 on 7.56 million shares after it has priced a public offering of 38,700,000 shares of common stock at $5.00 per share for gross proceeds of $193.5 million.

Superior Well Services, Inc. (NASDAQ: SWSI) is down $1.64 or 16% to $8.51 on huge volume of 1.15 million shares after on the news that it has entered into an amendment to its credit facility, which reduced the total capacity under the facility by $75 million.

Rite Aid Corporation (NYSE: RAD) today again plummeted 10% to $1.54 on very unusual volume of 15.18 million shares . Yesterday the company said that its fiscal second-quarter loss narrowed to $116 million, or 14 cents a share, from $222 million, or 27 cents a share, a year earlier. Revenue in the quarter ended Aug. 29 fell to $6.32 billion from $6.5 billion. It forecast a loss of 48 cents to 74 cents a share. Analysts, on average, estimated Rite Aid to lose 16 cents a share in the second quarter and 47 cents for the year, according to Thomson Reuters. So far in the last five trading sessions, the stock has fallen over 28%.

KB Home (NYSE: KBH)  plunged 7.36% to $17.17 on huge volume of 5.77 million shares after it reported a third-quarter loss of 87 cents per share, missing analysts' forecasts of a 58-cent loss.