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Benzinga’s Biggest Losers (PIP, ADAT, KR, SVU, AIB)

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PharmAthene, Inc. (AMEX: PIP) has plunged 51.23% to $1.59 on 1.59 million shares after PharmAthene, Inc. announced that the Department of Health and Human Services Biomedical Research and Development Authority (BARDA) has canceled its request for proposal (RFP) for Recombinant Protective Antigen Anthrax Vaccine for the Strategic National Stockpile (RFP BARDA 08-15).So far this year, PIP has fallen by over 34%

Authentidate Holding Corp. (NASDAQ: ADAT) fell 17.89% to $1.01 on 740K shares. Today, Authentidate has entered into definitive agreements with institutional investors for a direct placement of $3,400,000 of common stock at a price of $1.00 per share. So far this year, ADAT is up over 288%.

The Kroger Co. (NYSE: KR) is trading lower by 10.81% to $20.39 after Kroger said it lost $874.9 million, or $1.35 a share in its fiscal third quarter, compared to net income of $237.7 million, or 36 cents a share in the year-ago period. Excluding one-time costs, Kroger earned 27 cents a share in the third quarter, below the Wall Street target of 36 cents a share.

SUPERVALU INC. (NYSE: SVU) shares have declined 7.75% to $13.32 on Kroger 3Q earnings So far this year, SVU is up down 8.77%.

Allied Irish Banks, plc. (ADR) (NYSE: AIB) fell 5.76% to $4.25. So far this year, shares of AIB have fallen about 9%. The 52-week range for AIB is $0.72-$10.72.

 

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