Biggest Losers (SNV,EK,STEC,HW,USG)

Synovus Financial Corp. (NYSE: SNV) plummeted 10% to $3.99 on massive volume of 85.32 million shares after it has priced a public offering of 150 million shares of its common stock at $4.00 per share.

Eastman Kodak Company (NYSE: EK) fell 9.13% to $6.08 on high volume of 12.94 million shares as the photography company reshaping itself in the digital age, said it expects to raise as much as $700 million, with KKR & Co. committing to buy more than half of the notes.

STEC, Inc. (NASDAQ: STEC) decreased $4.44 or 11.56% to $33.51 on huge volume of 11.19 million shares after Pillar Data Systems Inc. said this week that it's replacing Intel's X25-E solid state disk (SSD) drive as an option for its storage arrays with a drive from STEC Inc. because of firmware problems with the Intel's drive that lead to performance slowdowns.

Headwaters Incorporated (NYSE: HW) fell 10% to $3.99 on very unusual volume of 2.30 million shares after the company said it will raise $37.4 million through a discounted direct offering of 9.6 million shares, to repay debt . The offering is priced at $3.90 per share, a discount of 12 percent to the stock's Wednesday's close of $4.44 on the New York Stock Exchange.

USG Corporation (NYSE: USG) dropped 6% to $18.46 on moderate volume of 1.80 million shares largely on profit booking. Yesterday, the stock surged 26%.