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Dean Foods Company (NYSE: DF) shares closed down 7.37 percent on Tuesday with about 18.1 million shares traded. The stock was one of the biggest decliners on the NYSE and came to a new 52-week low during intra-day trading. The drop came after the company reported mixed fourth quarter results and forecast first quarter and fiscal 2014 profit that significantly trailed expectations.
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Alphatec Holdings, Inc. (NASDAQ: ATEC) shares closed down 18.34 percent on Tuesday with about 1.7 million shares traded. The stock was one of the biggest decliners on the NASDAQ. Alphatec Holdings, Inc., which is the parent company of Alphatec Spine, Inc., a medical device company that provides physician-inspired solutions for patients with spinal disorders, announced that a jury in the OrthoTec, LLC vs. Surgiview S.A.S. case pending before the Superior Court of California, Los Angeles County, reached a verdict. Surgiview, a subsidiary of Scient'x S.A.S., which was acquired by Alphatec in 2010, was found to have transferred assets for less than fair market value in connection with Surgiview's purchase of certain assets of Eurosurgical S.A. in May 2006, and to have interfered with certain contractual rights of OrthoTec.
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Neah Power Systems, Inc. (OTCBB: NPWZ) shares closed up 13.64 percent on Tuesday with nearly 6.5 million shares traded. The stock was one of the biggest gainers in the OTCBB market despite the fact that the company had no significant news released. Neah Power Systems, Inc. develops and sells renewable energy solutions using proprietary fuel cell technology for the military, transportation, and portable electronics applications.
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IntelGenx Technologies Corp. (OTC: IGXT) shares closed down 6.49 percent on Tuesday on about 2.2 million shares traded. The stock was one of the biggest decliners in the OTC market. IntelGenx, a drug delivery company that engages in the development of novel oral immediate-release and controlled-release products for the pharmaceutical market, has existing drugs for which it receives royalty payments from its commercial partners and IGXT is expected to bring other products into the market with commercialisation agreements in the near future.
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