Morning Market Losers

Perfumania Holdings Inc PERF dropped 22.54% to $15.26 at 10:10 am. Perfumania announced its plans to acquire Parlux Fragrances Inc PARL for $170 million. Sears Holdings Inc SHLD fell 19.45% to $36.93. Sears announced its plans to close 100 to 120 Sears and Kmart stores. Optical Cable Corporation OCC shares dropped 11.61% to $2.74. OCC's trailing-twelve-month ROE is 6.07%. Green Bankshares Inc GRNB shares moved down 8.33% to $1.32. GRNB's trailing-twelve-month profit margin is -237.07%.