Benzinga’s Biggest Losers (AIB, TTWO, GIGM, CMC, FUQI)

Allied Irish Banks, plc. (ADR) (NYSE: AIB) has plunged 7% to $3.52 on 2.85 million shares. So far this year, AIB is down over 24%. The 52-week for AIB is $0.72-$10.42.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 3.30% to $9.12 on 2.13 million shares. Take-Two Interactive Software yesterday reported that it would sell Jack of All Games to Synnex Corp. (SNX) in a $43.25 million deal. TTWO also lowered its sales outlook.

GigaMedia Limited (NASDAQ: GIGM) is trading lower by 9% to $3.22 after Roth Capital downgraded GIGM to Hold from Buy. Price target of GIGM reduced to $4 from $8.

Commercial Metals Company (NYSE: CMC)shares are down 8.50% to $15.71 after Commercial Metals posted a first-quarter loss, due to lower steel demand and prices at its Americas fabrication and distribution segment, and expects the second quarter to be in line with the current quarter's results.

Fuqi International, Inc. (NASDAQ: FUQI) fell 5.50% to $16.65 on 815K shares. The 52-week trading range for FUQI is $3.31 - $32.68. So far this year, FUQI is up over 165%.