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Energy XXI (Bermuda) Limited (NASDAQ: EXXI) shares declined 7.83 percent to close at $21.54 a share Wednesday. The stock traded between $21.32 and $22.95 on volume of 17.63 million shares traded. The company announced that it has acquired EPL Oil & Gas, Inc. for approximately $1.53 billion. Shares of Energy XXI are down approximately 20.0 percent year-to-date.
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Geron Corporation (NASDAQ: GERN) shares tumbled 61.59 percent to close at $1.69 a share Wednesday. The stock traded between $1.39 and $1.82 on volume 46.49 million shares traded. The company announced that its Investigational New Drug application for imetelstat has been placed on full clinical hold by the FDA. Shares of Geron are down approximately 65.0 percent year-to-date.
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Hyperdynamics Corporation (NYSE: HDY) shares plunged 58.37 percent to close at $2.19 a share Wednesday. The stock traded between $1.13 and $2.42 on volume of 4.37 million shares traded. The company announced that Tullow Guinea Limited has asserted a “Force Majeure event” on its offshore Guinea project as Hyperdynamics Corp. is under a regulatory investigation. Shares of Hyperdynamics are down approximately 46.0 percent year-to-date.
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Magnachip Semiconductor Corp. (NYSE: MX) shares declined 2.79 percent to close at $13.93 a share Wednesday. The stock traded between $12.50 and $13.93 on volume 3.04 million shares traded. The company announced that they have delayed realizing full-year results after the Audit Committee of the Company's Board of Directors has determined that the company incorrectly recognized revenue on certain transactions. Shares of Magnachip Semiconductor are down approximately 28.0 percent year-to-date.
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