News / Business
THLD, NVAX, CIT- Top Losers of the day
Top loser
CIT Group Inc. (NYSE:CIT) plunged 5.45% or $0.06 to $1.10 on a massive volume of 12.45 million shares in early morning trade. CIT Group Inc., a provider of financing to small businesses and middle market companies, on October 1 announced that it has commenced a restructuring of its capital structure that has been approved by the Company's Board of Directors and by the Steering Committee of CIT's bondholders. CIT Group Inc. is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary.
Novavax, Inc. (NASDAQ:NVAX) fell 5.72% or $0.23 to $3.79 on over 1.12 million shares on no news. The stock hit an intraday high and low of $3.93 and $3.77 respectively. So far the stock prices shoot up over 367% in last six months of trade. Novavax, Inc. is a clinical-stage biopharmaceutical company focused on creating differentiated, value-added vaccines that improve upon preventive options for a range of infectious diseases.
Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) corrected 8.63% or $0.29 to $3.07 on over 239K shares on profit booking as it rallied over 56% in last five trading sessions. The stock hit an intraday high and low of $3.42 and $3.02 respectively. So far the stock jumped over 78% in last six months of trade. Threshold Pharmaceuticals, Inc. is a biotechnology company focused on the discovery and development of drugs targeting the microenvironment of solid tumors as treatments for patients living with cancer.
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