(EMAILWIRE.COM, August 25, 2010 ) New York, NY -Medtronic, Inc. (NYSE:MDT) plunged 10.80% to $31.21 on over 37.36 million shares after it created its new 52-week low of $30.85. The medical device maker issued a quarterly sales report that fell short of Wall Street expectations. Medtronic said that its fiscal first-quarter revenue fell 4% to $3.77 billion.


According to a poll by Thomson Reuters, analysts had been expecting $3.96 billion. Medtronic also lowered its financial forecast. The company now sees its full-year earnings coming in between $3.40 to $3.48 a share, down from its previous forecast of $3.45 to $3.55.


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Delcath Systems, Inc. (NASDAQ:DCTH) lost 6.79% to $5.63 on over 1.84 million shares. Today, 1.84 million shares have been traded. In the past one year of trading sessions, the stock went up more than 82%.


Delcath Systems, Inc. is a development-stage company that has developed a system designed to administer high dose chemotherapy and other therapeutic agents to diseased organs or regions of the body.


Geron Corporation (NASDAQ:GERN) went down 5.38% to $4.75, a day after D.C. federal judge Royce temporarily blocked the federal government from funding research involving human embryonic stem cells.

Over the past 52-weeks, the stock traded within the range of $4.37-$7.51. Today, 1.55 million shares as compared to its daily average volume of 1.23 million shares.


Merck & Co., Inc. (NYSE:MRK) fell 1.52% to $34.44 on 11.27 million shares. So far, the market capitalization of the stock stands at $107.39 billion. So far this year, the stock went down more than 7%.


Merck & Co., Inc. is a global health care company that delivers health solutions through its medicines, vaccines, biologic therapies, and consumer and animal products, which it markets directly and through its joint ventures.

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