Following are the three notable stock losers in the opening
session on Friday:-
Somaxon Pharmaceuticals, Inc.(NASDAQ:SOMX) is taking a hard
knock in the opening session as the stock slumped 18.50% to $0.339 after the
company announced that it has entered into definitive agreements to sell
approximately 9.4 million shares of its common stock and warrants to purchase
up to approximately 4.7 million shares of its common stock to institutional
investors at a combined public offering price of $0.32 per share and per
warrant for aggregate gross proceeds of approximately $3.0 million.
Can AONE Bounce back
above $1 Mark? Find Free Trend
Analysis
Nokia Corporation (ADR)(NYSE:NOK) shares are losing another
6% in the session, erasing its entire gains in the previous trading session
after reporting better than estimated earnings on Thursday. For the second
quarter, the struggling company posted net loss of 1.41 billion euros or 0.38
euros per share, wider from a year ago loss of 368 million euros or 0.10 euros
per share. On a non-IFRS basis, loss attributable to equity holders of the
parent for the quarter was $315 million euros or 0.08 euros per share, as
against a 239 million euros or 0.06 euros per share profit a year before.
The company has been unable to regain its lost glory in the
smartphone market as users are more comfortable with iPhone and other
smartphone. Apple’s iPhone has gained more demand due to its user friendly and
regular updates supported by several Apps, which provides add on to its users.
Can NOK rebound After
Earnings, Get Trend
Analysis for Free HERE
Gold Resource Corporation(NYSEAMEX:GORO) plunged 25% as well
as the company reported its preliminary production results for the second
quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold
equivalent (AuEq) at a 60:1 price ratio. Gold Resource Corporation is a
low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
The Company has returned over $53 million to shareholders in monthly dividends
since declaring commercial production July 1, 2010 and may be the only Company
offering shareholders the option to convert their cash dividends into physical
gold or silver.
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GORO
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