Last Hour Top Losers Stocks (GGP, CERS, CAGC, YRCW)

General Growth Properties, Inc (NYSE:GGP) plummeted 16.27% to $14.56 on an unusual volume of 5.64 million shares after emerged from bankruptcy protection Tuesday, more than a year after the nation's second-largest owner of shopping malls filed for Chapter 11. Chicago-based General Growth  operates Mall St. Matthews and Oxmoor Center in Louisville, and River Falls in Clarksville, Ind. The company expects to pay dividends next quarter and will use cash to satisfy $570 million worth of debt. Cerus Corporation (NASDAQ:CERS) fell 19.31% to $2.54 over a volume of 3.20 million shares.  The company announced the pricing of an underwritten public offering of 7,368,422 units, with each unit consisting of one share of its common stock and a warrant to purchase 0.5 of a share of its common stock, at a price to the public of $2.85 per unit. The aggregate public offering price of this offering is approximately $21.0 million, and the net proceeds to the Company, after deducting underwriting discounts and commissions, but before legal and other estimated offering expenses, are expected to be approximately $19.7 million. China Agritech Inc. (NASDAQ:CAGC) also plunged 19.74% to $12.40 on an unusual volume of 3.03 million shares. Today it announced its unaudited financial results for the third quarter and nine months ended September 30, 2010. Net revenue for the third quarter of 2010 was $23.9 million compared with $27.0 million in the same quarter last year. Total revenue for the first nine months of 2010 increased 41% year-over-year to $78.1 million from $55.4 million for the first nine months last year. YRC Worldwide Inc. (NASDAQ:YRCW) went down 5.04% to $3.58 on a volume of 2.40 million shares. Over the past 52-weeks, the stock traded within the range of $2.53-$32.50. So far in this year the stock has went down 82.90%.
tdp2664
Newsworthy Stocks