Central European Distribution Corp (NASDAQ:CEDC) plunged 10.83% to $12.43 on over an unusual volume of 5.79 million shares compared to a daily average trading of 1.13 million shares. Credit Suisse Group downgraded the stock to underperform from outperform, while Moody's Investors Service said it may lower the company's debt rating. The stock today also touched a new 52-week high at $12.27.
VIVUS, Inc. (NASDAQ:VVUS) also plunged 10.35% to $6.32 on a volume of 5.75 million shares compared to a daily average trading of 2.44 million shares after U.S. regulators said there was a risk of birth defects from the drug topiramate, one ingredient in the company's experimental weight-loss drug Qnexa. The stock has been moving within a range of $4.69-$13.68 over the past 52-weeks. So far in the last six months the stock has added 0.96%. The stock touched an intraday low and high of $6.15 and $7.06 respectively.
Cerus Corporation (NASDAQ:CERS) also plunged 13.69% to $2.90 on over an unusual volume of 2.27 million shares compared to a daily average trading of 617,353.00 shares. Robert W. Baird analysts downgraded the stock from Outperform to Neutral. The firm also lowered its price target from $4.00 to $3.00. The stock has been moving within a range of $2.11-$4.01 over the past 52-weeks.
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Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
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