Morning Market Losers

The Bancorp TBBK shares fell 35.62% to $10.43. Sandler O'Neill downgraded The Bancorp from Buy to Hold. Orexigen Therapeutics OREX shares tumbled 15.65% to $5.74 after the company received three month extension of the FDA NB32 review. Auxilium Pharmaceuticals AUXL fell 7.57% to $20.14 after the company announced the release of generic version Of Testim testosterone gel. Sanchez Energy SN dropped 4.10% to $33.29 after the company's release showed intent to offer 5 million shares of common stock. Penn Virginia PVA declined 2.94% to $13.70 after the company priced private offering of $275 million depositary shares. Exelon EXC shares declined 1.64% to $36.55 after the company announced an offering of 50 million shares.