Las Vegas, NV -- (SBWIRE) -- 10/05/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable stock losers as reported by http://beststocksdaily.com/
Neuralstem, Inc. (NYSEAMEX:CUR) shares gained 8.77% to $1.24 in the morning hour after the company said it was granted approval to commence a clinical trial, through its subsidiary, Neuralstem China, to treat motor deficits due to ischemic strokes with its spinal cord stem cells NSI-566 at BaYi Brain Hospital, in Beijing, China. The approved trial will include a combined phase I/II design and will witness direct injections of NSI-566 cells into the brain. The trial is expected to begin early next year.
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Iteris Inc (NYSEAMEX:ITI) stock increased 9.09% to $1.68. The company will conduct its earnings call on Thursday, October 18, 2012, at 4:30 p.m. ET (1:30 p.m. PT) to discuss its operating results for the fiscal second quarter ended September 30, 2012. The financial results are expected to be issued in a press release after the close of regular stock market trading hours on the same day as the conference call.
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Clearwire Corporation (NASDAQ:CLWR) stock increased 0.75% to $1.35. The company announced that Hope Cochran, Clearwire's CFO, will speak at the Credit Suisse Global Credit Products Conference on October 4, 2012, at 4:10 p.m. Eastern in Miami Beach, FL.
Additionally, the company warned it might delay the buildout of its next-generation network, while another major investor may be heading for the door.
Can CLWR Continue to Jump? Find Out Here http://beststocksdaily.com/p2/index.php?company=CLWR
MetroPCS Communications Inc (NYSE:PCS) shares dropped 9.72% to $11.04 after United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed MetroPCS Buyout for shareholders. MetroPCS Communications announced that it entered into a definitive merger agreement with Deutsche Telekom to combine with T-Mobile USA. Under the terms of the transaction, MetroPCS will declare a 1 for 2 reverse stock split, make a cash payment of $1.5 billion to its shareholders and acquire all of T-Mobile's capital stock by issuing to Deutsche Telekom 74% of MetroPCS' common stock on a pro forma basis.
Additionally, MetroPCS stock was downgraded by research analysts at Nomura from a “neutral” rating to a “reduce” rating in a report released today.
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Wageworks Inc (NYSE:WAGE) shares climbed 1.75% to $18.56 in the early hour after the company announced the pricing of its follow-on public offering of 6 million shares of its common stock at a price to the public of $17.50 per share. The company is selling 1 million shares of common stock in this offering, and selling stockholders are selling 5 million shares of common stock in this offering, including 338,566 shares of common stock which will be issued upon the exercise of outstanding warrants.
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