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Agenus Inc. (NASDAQ: AGEN) shares declined 11.63 percent to close at $3.80 a share Thursday. The stock traded between $3.37 and $4.02 on volume of 3.53 million shares traded. The company’s potential lung cancer treatment, in collaboration with GlaxoSmithKline, failed to meet its first or second co-primary endpoint. Shares of Agenus are up approximately 43.0 percent year-to-date.
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Cinedigm Corp. (NASDAQ: CIDM) shares dropped 11.39 percent to close at $2.80 a share Thursday. The stock traded between $2.66 and $2.84 on volume 3.73 million shares traded. The company announced the pricing of a secondary offering of 10.2 million shares of Class A common stock at a price per share of $2.70. Shares of Cinedigm are up approximately 38.0 percent year-to-date.
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Genco Shipping & Trading Limited (NYSE: GNK) shares tumbled 22.98 percent to close at $1.24 a share Thursday. The stock traded between $1.14 and $1.86 on volume of 17.49 million shares traded. The New York Post has reported that Genco Shipping & Trading is expected to file for Chapter 11 bankruptcy. Shares of Genco Shipping & Trading are down approximately 50.0 percent year-to-date.
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Walter Energy, Inc. (NYSE: WLT) shares fell 20.02 percent to close at $7.27 a share Thursday. The stock traded between $7.07 and $8.10 on volume 27.67 million shares traded. The company announced plans to sell $200 million senior secured notes due 2019, which was increased from an initial size of $100 million. Shares of Walter Energy are down approximately 56.0 percent year-to-date.
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