Today's Big Losers: SEAC, MITL, ZQK, CLDX
Friday, September 03, 2010 3:37 PM



Shares of SeaChange International Inc. (NASDAQ: SEAC) slumped more than 16% on Friday after the company reported disappointing second quarter results and issued third-quarter earnings guidance that missed Wall Street expectations. 

Mitel Networks Corp. (NASDAQ: MITL) fell more than 1% after J.P. Morgan downgraded its rating on the company to Neutral from Overweight.

Quiksilver Inc. (NYSE: ZQK) tumbled more than 12% on Friday, a day after the company reported fiscal third-quarter sales that fell short of of analysts' estimates.

Celldex Therapeutics, Inc. (NASDAQ: CLDX) plunged more than 25% after the company announced that drug giant Pfizer has terminated its agreement to develop cancer vaccine rindopepimut, or CDX-110.

Disclosure: Author doesn't own any of the stocks discussed here.


 

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