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New York, NY -- (SBWIRE) -- 03/05/2013 -- Impax Laboratories Inc. (NASDAQ:IPXL) announced after the bell Monday that the FDA completed its re-inspection of the company's Hayward manufacturing facility in connection with the Form 483 issued in March last year. At the conclusion of the inspection, the FDA issued a new Form 483 with twelve observations, three of which are designated as repeat observations from inspections that occurred prior to the warning letter.Impax Laboratories has gapped open dramatically lower Tuesday and is now down 4.87 at $15.13 on strong volume. The stock has plummeted to a new low for the year.
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The Fresh Market, (NasdaqNM:TFM) is very active today and traded between $40.53 - 43.00 with total traded volume of 1663817 shares. At a current price of 42.74, TFM is -0.04 - -0.09% from the previous close of $42.78. Moreover, At Current Market Price, TFM is in distance of -10.72% from its 50-day Moving Average price of $47.8735 and -20.48% from its 200-day Moving Average price of $53.7502.
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The Fresh Market, Inc., (NYSE:JCP) is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods. The Fresh Market’s non-perishable product categories consist of grocery and dairy products, as well as specialty foods, including bulk, coffee and candy, and beer and wine. Shares of J.C. Penney Compa (NYSE:JCP) are trading at $15.19 and is -22.24% from its 50-day Moving Average price of $19.535 and -30.50% from its 200-day Moving Average price of $21.8559. The average trading volume is 10263000 shares and its market capitalization is $3.334B.
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The absolute worst performer in the 500-stock index today was Cliffs Natural Resources Inc (NYSE:CLF), which fell 5.8%. Perhaps the most disconcerting part of today's abysmal showing was that it was actually a familiar scene. Shares in the mining company are down more than 60% in the past year and more than 35% in the past month alone. Not helping reverse the trend, news that the Chinese government is taking efforts to slow growth in the country was a big blow to Cliffs Natural Resources Inc (NYSE:CLF) today.
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