Morning Market Losers

Synta Pharmaceuticals Corp. SNTA shares dropped 70.69 percent to $0.598 after the company reported the termination for futility of ganetespib Phase 3 GALAXY-2 trial in lung cancer. VMware, Inc. VMW shares slipped 15.40 percent to $58.17 after the company issued a weak revenue forecast. EMC and VMware reported a new cloud services unit. Sterne Agee CRT downgraded VMware from Buy to Neutral and lowered the price target from $88.00 to $75.00. Celestica Inc CLS shares fell 11.98 percent to $11.54 on downbeat quarterly results. Angie's List Inc ANGI tumbled 11.40 percent to $5.52 after the company reported downbeat Q3 sales and lowered its FY15 sales outlook. Helix Energy Solutions Group Inc HLX shares fell 10.32 percent to $5.86 after the company reported weak quarterly revenue. Lam Research Corporation LRCX shares dipped 9.92 percent to $76.97. Lam Research announced its plans to buy KLA-Tencor Corp KLAC in a $10.6 billion deal. Silgan Holdings Inc. SLGN declined 7.76 percent to $50.89 after the company reported weaker-than-expected Q3 earnings. Chipotle Mexican Grill, Inc. CMG fell 7.19 percent to $654.92 in pre-market trading after the company reported downbeat earnings for the third quarter. Micron Technology, Inc. MU shares slipped 5.15 percent to $16.21. Bank of America downgraded Micron from Neutral to Underperform. EMC Corporation EMC shares declined 4.53 percent to $26.25 after the company reported weaker-than-expected earnings for the third quarter. Yahoo! Inc. YHOO shares dropped 2.53 percent to $32.00 after the company reported weaker-than-expected results for the third quarter.