Biggest Losers (FSP,IVAN,NMM,PALM,SPDE)

Franklin Street Properties Corp. (AMEX: FSP) plummeted 12% to $13.02 on huge volume of 2.71 million shares after announced that it commenced an underwritten public offering of 8,000,000 shares of its common stock at a price to the public of $13.00 per share. The offering was increased from a previously announced offering size of 6,000,000 shares.

Ivanhoe Energy Inc. (USA) (NASDAQ: IVAN) After yesterday’s rally of 11%, the stock has corrected about 7.50% to $2.23 largely on profit booking. A total of 1.70 million shares being traded till now.

Navios Maritime Partners L.P. (NYSE: NMM) decreased $1.04 or 8% to $12.02 on huge volume of 1.59 million shares after it announced that it plans to offer 2,800,000 common units representing limited partnership interests in a public offering. Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 420,000 common units to cover over-allotments, if any.

Palm, Inc. (NASDAQ: PALM) fell 2.22% to $14.12 on very unusual volume of 14.42 million shares as it reported a deeper net loss on a drop in revenue for its first fiscal quarter, though sales of the company's smart phones jumped from the previous period with the launch of its new Pre. Despite better-than-expected sales for the quarter, concerns about a relatively weak forecast for the current period remain.

Speedus Corp. (NASDAQ: SPDE) after yesterday’s massive rally of 118%, today it has dropped 13.24% to $6.15 on moderate volume of 421K shares largely on profit booking.