Biggest Losers (FTWR, RF, SMA, PVTB, ETH)

FiberTower Corp. (NASDAQ: FTWR) plunged 44% to $0.791 huge volume of 14.82 million share after today announced today that it has commenced an exchange offer and consent solicitation relating to any and all of its outstanding 9.00% Convertible Senior Secured Notes due 2012.

Regions Financial Corporation (NYSE: RF) plummeted 6% to $5.20 on unusual volume of 23.35 million shares. So far this RF is down 34%.

Symmetry Medical Inc. (NYSE: SMA) decreased $1.84 or 19.25% to $7.72 on 3.79 million shares after it lowers its FY09 sales guidance from $385-$405 million to $355-$365 million, versus the consensus of $391.28 million. EPS guidance for the year moves from $0.77-$0.85 to $0.63-$0.68. The Street is currently looking for FY09 EPS of $0.80.

PrivateBancorp, Inc. (NASDAQ: PVTB) tumbled 31% to $13.12 on 4.21 million shares after it reports Q3 loss of $0.68, versus the analyst estimate of $0.08. Interest income for the quarter was $125.69 million, versus $109.81 million for the same quarter 2008.

Ethan Allen Interiors Inc. (NYSE: ETH) plunged 15.50% to $14.08 on very unusual volume of 1.70 million shares after today it announced that it has amended its existing three year senior secured revolving credit facility, increasing the line to $60 million by adding a $20 million commitment from Wells Fargo Retail Finance, LLC who is now part of the company's bank group. It sees Q1 EPS of $0.21-$0.23.