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Biggest NASDAQ Stocks Losers were PARD, CRXX, CHIO : by Penny Stock Pick Alert

Today's Poniard Pharmaceuticals, CombinatoRx, Incorporated and China INSOnline Corp. were Biggest NASDAQ Stocks Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 17, 2009 ) Dallas, TX - Poniard Pharmaceuticals, Inc. (NASDAQ:PARD) declined 75.86% to close the day at $1.83 on 37.52 million shares after Poniard Pharmaceuticals Inc.'s Picoplatin treatment for small-cell lung cancer didn't meet its primary overall survival endpoint in a late-stage study of its effectiveness in patients who have relapsed. Poniard Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of cancer therapy products. Its lead product candidate is picoplatin, a platinum-based cancer therapy.

CombinatoRx, Incorporated (NASDAQ:CRXX) went down 46.63% to end the day at $0.870. The stock hit an intraday high and an intraday low of $1.05 and $0.85 respectively. In the last six months the stock went up over 18%. CombinatoRx, Incorporated is a biopharmaceutical company focused on developing synergistic combination pharmaceuticals. The Company has devoted substantially all of its resources to the development of its drug discovery technology and the research and development of its drug candidates.

China INSOnline Corp. (NASDAQ:CHIO) decreased 21.15% to close the day at $0.820 after the company reported today that while net revenues in its first quarter ended September 30, 2009 declined 6% to $5,126,875 from $5,471,449 in the year ago quarter, net income in the first quarter of the current fiscal year increased 27% to $3,120,617, or $0.08 per share, from $2,462,064, or $0.06 per share, in the same period last year on 40 million shares outstanding in both periods.

ABOUT www.PennyStockPickAlert.com

(EMAILWIRE.COM, N Alerts by PennyStockPickAlert.com. If you are planning to invest into Stock Market then you must subscribe to Free Stock Newsletter and Alerts. We are a leading stock web site that provides free stock alerts on hot penny stocks that are poised to make big gains. We also tracks small cap penny stocks that could be on the brink of a massive breakout

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