ADVENTRX Pharmaceuticals, Inc. (AMEX:ANX)
is
trading at $2.55, 12.97% lower. Dow Jones reported that the company has agreed
to sell equity to investors such as investment manager RA Capital Management.
Under the deal, Adventrx will issue the investors 8.2 million units, each
consisting of one share, and one each of two classes of warrant.
The warrants convey the right to buy a combined
total of 4.1 million shares. It plans to use proceeds to acquire or develop
products and for general purposes.
Aeropostale, Inc. (NYSE:ARO) dropped
2.80% to $24.61. Wells Fargo downgraded Aeropostale, Inc. from Market to
Underperform with a $23-$25 valuation range.
The stock opened at $24.79 and is trading within the
range of $24.60-$25.15.
The Gap Inc. (NYSE:GPS) lost
1.30% to $20.43. Nomura Securities downgraded Gap, Inc. from Buy to Neutral.
The stock has a 52-week range of $16.62-$26.34. The
stock has average daily volume of 8.58 million shares. At current market price,
the market capitalization of the company stands at $12.55 billion.
Quest Diagnostics Incorporated (NYSE:DGX)
declined
2.56% to $53.29. The stock opened at $54.13 and is trading within the range of
$53.13-$54.33.
RBC Capital downgraded shares of Quest Diagnostics
to a Sector Perform rating from their previous rating of Outperform. The firm`s
current price target on the stock is $57.
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