Top Stock Losers: FreeSeas Inc, Arca Biopharma Inc, Digital Angel Corporation, Gleacher & Company

Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

FreeSeas Inc. (NASDAQ:FREE) decreased 16.73% and closed at $1.94 on a traded volume of 318k shares. The Company announced that the Company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the Company's issued and outstanding common stock at a ratio of one new share for every 10 shares currently outstanding.FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. FreeSeas is engaged in the transportation of drybulk cargoes through the ownership and operation of drybulk carriers.

How Should Investors Trade FREE After The Recent Movement? Find Out Here

Arca Biopharma Inc. (NASDAQ:ABIO) went down 15.83% and closed at $0.510 on a traded volume of 783k shares.The 52-week range for the stock is $0.23 and $1.15. The Company has Price/Book ratio of 2.35. The 50-Day Moving Average and 200-Day Moving Average prices is $0.49 and $0.37 respectively.

Is ABIO A Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Digital Angel Corporation (PINK:DIGA) declined 16.38% and closed at $0.0480 on a traded volume of 705k shares.So far this year, the stock is down over 26%. The 52-week range for the stock is $0.03 and $0.13.Digital Angel Corporation operates in one business segment, which it refers to as Signature Communications. Its business operations consisted of its 98.5% owned subsidiary, Signature Industries Limited.

Is DIGA a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Gleacher & Company, Inc. (NASDAQ:GLCH)moved down 14.89% and closed at $0.80 on a traded volume of 564k shares.The Company reported net revenues of $50.9 million, net loss from continuing operations of ($11.5) million or ($10.8) for the quarter ended December 31, 2012. The Company also announced that it has entered into an agreement with Homeward Residential, Inc., a wholly owned subsidiary of Ocwen Financial Corporation pursuant to which Homeward will purchase substantially all of the assets of ClearPoint.

How Should Investors Trade GLCH After The Latest Earnings Report? Find Out Here

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