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Biggest NASDAQ Stock Losers today were CEPH, NLST, PEET : by Penny Stock Pick Alert

Penny Stock Pick Alert reports that Cephalon, Inc., Netlist, Inc. and Peet's Coffee & Tea, Inc. today were Biggest NASDAQ Stock Losers.

 



(EMAILWIRE.COM, November 24, 2009 ) Dallas, TX - Cephalon, Inc. (NASDAQ:CEPH) plunged 8.64% to $54.46 after Ception Therapeutics, Inc. and Cephalon, Inc., announced results from a Phase IIb/III clinical trial for CINQUIL as a treatment for pediatric eosinophilic esophagitis (EoE). The study was designed to evaluate improvement in the co-primary endpoints of changes in esophageal eosinophil levels and clinical symptoms. Analyses of the data indicated that patients treated with CINQUIL showed a statistically significant reduction in esophageal eosinophil levels versus placebo.

Netlist, Inc. (NASDAQ:NLST) plunged 11.42% to $6.44. The stock hit an intraday high and an intraday low of $7.30 and $6.10 respectively. In the last six months the stock went up over 2046%. Netlist, Inc., designs, manufactures and sells memory subsystems primarily for the server, high-performance computing and communications markets. The Company’s memory subsystems consist of dynamic random access memory integrated circuits (DRAM ICs), NAND flash memory (NAND) and other components assembled on a printed circuit board (PCB).

Peet's Coffee & Tea, Inc. (NASDAQ:PEET) plunged 13% to $33.06 after the company announced that, on November 22, 2009, it received a revised offer from Peet's Coffee & Tea, Inc., offering to pay to Diedrich Coffee's stockholders a combination of $19.80 in cash and 0.321 of a share of Peet's common stock for each share of Diedrich common stock tendered and accepted in its exchange offer, representing total consideration of $32.00 per share.

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