News / Business
(NASDAQ:DRIV,DEPO,UCBH) is The Top Loser of the day
Stock Alert News
Digital River, Inc. (NASDAQ:DRIV) plunges 36.99% or $14.95 to $25.47 on over 6.88 million shares after Digital River, Inc. announced today that Symantec Corporation has notified Digital River, Inc. that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River, Inc. provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010. Symantec informed Digital River, Inc. on October 9, 2009 that it expects to move all of the online traffic y outsourced to Digital River, Inc. to an internally developed Symantec e-commerce system before the current contract expires. Symantec has not yet informed Digital River, Inc. regarding the timing of its migration plans or the nature of the support it will require from Digital River, Inc. during the transition period.
DepoMed, Inc. (NASDAQ:DEPO) corrected 36.95% to $4.01 on over 3.68 million shares after DepoMed, Inc. announced today top line results from the BREEZE I and II Phase III clinical trials evaluating the safety and efficacy of SeradaTM, an investigational non-hormonal extended release formulation of gabapentin for the treatment of menopausal hot flashes. In the higher dose treatment arm of the two doses evaluated, the 1800mg dose achieved positive results at four weeks. All four co-primary endpoints of the 1800mg dose at four weeks demonstrated significant reductions in frequency and severity in both clinical trials (p-values ranged from 0.0001 to 0.004).
UCBH Holdings, Inc. (NASDAQ:UCBH) fell 8.86% to $1.03 on huge volume of 1.30 million shares on no news. The Stock hit an intraday high of $1.10 while an intraday low of $1.01. So far the stock prices declined over 51% in last six months of trade. UCBH Holdings, Inc. is a bank holding company. UCBH conducts its principal business through its wholly owned banking subsidiary, United Commercial Bank, which makes up substantially all of its consolidated assets and revenues. UCB is a California state-chartered commercial bank.
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