Morning Market Losers

Merus Labs International Inc. MSLI dropped 5.77% to $2.45 after the company agreed to sell 19,672,200 common shares at a price of C$3.05 per share to raise around C$60 million. Rally Software Development Corp. RALY shares declined 4.38% to $15.20. Analysts at Stephens & Co. downgraded Rally Software Development from Overweight to Equalweight. SINA Corporation SINA shares slipped 3.81% to $36.08. China is threatening to shutdown news service of Sina Weibo for not censoring and filtering false information. Symantec Corporation SYMC shares declined 2.58% to $24.92. Symantec may be considering a sale of its Veritas unit, according to Dow Jones. Aerohive Networks, Inc. HIVE slipped 2.55% to $4.97 after the company lowered Q1 outlook. FireEye, Inc. FEYE shares declined 2.38% to $42.21 after gaining 5.31% on Friday. Extreme Networks Inc. EXTR shares dropped 2% to $2.45 after tumbling 22.84% on Friday.