7 Biggest Mid-Day Losers For Today

Fibrocell Science Inc FCSC shares tumbled 39.70 percent to $1.20 after the company revealed that the primary endpoints were not met in its second stage clinical trial of azficel-T for the treatment of vocal cord scarring resulting in chronic or severe dysphonia. VeriFone Systems Inc PAY shares dropped 27.88 percent to $20.36 as the company reported downbeat earnings for its second quarter and announced its plans to lower its workforce. The company also cut its annual outlook. Catabasis Pharmaceuticals Inc CATB shares fell 25.69 percent to $5.09 as the company reported that it failed to meet primary endpoint in CAT-2054 Phase 2a trial. Erickson Inc EAC shares declined 13.93 percent to $1.05. Erickson Air-Crane named David W. Lancelot as Chief Financial Officer effective June 13, 2016. Flexion Therapeutics Inc FLXN shares declined 12.93 percent to $14.01 as the company reported an offering of $60 million in common stock. Ardmore Shipping Corp ASC shares tumbled 9.34 percent to $8.83. Ardmore Shipping priced 7.5 million shares at $8.90 per share. Sunoco LP SUN shares fell 7.74 percent to $31.11. Jefferies downgraded Sunoco from Hold to Underperform and lowered the price target from $35.00 to $23.00.