Morning Market Losers

Elizabeth Arden RDEN dropped 23.92% to $14.92 after the company reported a fiscal fourth-quarter loss. Elizabeth Arden reported that funds affiliated with Rhone Capital have agreed to buy $50 million in preferred shares and receive warrants for 2.5 million shares. Oncothyreon ONTY shares dipped 15.11% to $2.36. Form 8-K from Oncothyreon showed that EMR 63325-009 did not meet endpoint. Seanergy Maritime Holdings SHIP shares slipped 10% to $1.35. Sharps Compliance SMED declined 8.19% to $4.15. Sharps Compliance's President and Chief Executive Officer David P. Tusa will be presenting at the Baird Healthcare Conference on September 3, 2014. El Pollo Loco Holdings LOCO shares slipped 5.60% to $31.34. Morgan Stanley initiated coverage on El Pollo Loco with a Underweight rating and a $22.00 price target. CYREN CYRN shares fell 3.78% to $2.29 after the company reported a Q2 adjusted loss of $0.04 per share on revenue of $8.30 million and named Michael Myshrall as CFO. BHP Billiton BHP shares dropped 3.39% to $70.29 after the company announced its plans to spin off several assets to create a new company.