Pompano Beach, FL -- (SBWIRE) -- 09/24/2012 -- Molycorp, Inc. (NYSE:MCP) plunged 8.23% to $11.93 on over 5.37 million shares. Last month, the company announced the closing of its previously announced public offerings of $414 million aggregate principal amount (which includes the exercise by the underwriters in the offering of their $54 million over-allotment option in full) of its 6.00% Convertible Senior Notes due 2017 (the Notes Offering) and 12,000,000 shares of its common stock at a price per share of $10.00 (the Primary Shares Offering).
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VIVUS, Inc. (NASDAQ:VVUS) moved down 6.90% to $19.55. The stock received price-target cuts at Jefferies ($13 from $16) and Needham ($32 from $38) today after a European Medicines Agency committee on Friday said it will recommend rejection of the company's weight-loss drug Qsiva, despite the drug's approval from the U.S. Food and Drug Administration (FDA).
VIVUS, Inc. is a biopharmaceutical company. The Company is engaged in the development and commercialization of therapeutic drugs for underserved markets, including obesity and related morbidities, such as sleep apnea and diabetes, and men's sexual health.
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Atmel Corporation (NASDAQ:ATML) fell 6.70% to $5.91 on a traded volume of 3.83 million shares. The stock was downgraded by analysts at UBS AG from a buy rating to a neutral rating. They currently have $7.00 target price on the stock, down from their previous target price of $11.00.
Over the past five trading sessions, the stock lost more than 8%.
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AK Steel Holding Corporation (NYSE:AKS) went down 4% to $5.04 on a traded volume of 3.69 million shares. The stock was downgraded by analysts by Citigroup from a neutral rating to a sell rating. The firm currently has $3.50 price target on the stock, down from their previous price target of $5.50.
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Darden Restaurants, Inc. (NYSE:DRI) lost 0.66% to $56.83 on a traded volume of 780K shares. The stock was downgraded by analysts by JPMorgan Chase from an overweight rating to a neutral rating.
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