Morning Market Losers

Ingersoll-Rand Plc IR dropped 21% to $56.42 after the company completed the spinoff of Allegion. ZOOM Technologies ZOOM dropped 19.18% to $5.22. ZOOM Technologies' trailing-twelve-month ROE is -12.78%. Cobalt International Energy CIE dropped 13.18% to $19.30 after the company confirmed that it has successfully tested its earlier announced Lontra #1 Pre-salt discovery well in Block 20, offshore Angola. Durata Therapeutics DRTX plummeted 12.50% to $10.78 after Wedbush downgraded the stock from Outperform to Neutral.