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InterCloud Systems Inc. (NASDAQ: ICLD) shares dropped 21.32 percent to close at $6.09 a share Tuesday. The stock traded between $5.52 and $6.86 on volume of 1.71 million shares traded. The company reported a net loss of $23.4 million for the fourth quarter of 2013, compared to a net loss of $0.4 million a year ago. Shares of InterCloud Systems are down approximately 66.0 percent year-to-date.
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OHR Pharmaceutical Inc. (NASDAQ: OHRP) shares fell 18.20 percent to close at $9.84 a share Tuesday. The stock traded between $9.70 and $10.57 on volume of 1.92 million shares traded. The company announced a registered direct offering of 1.8 million shares of common stock at a price of $10.00 per share. Shares of OHR Pharmaceutical are up approximately 25.0 percent year-to-date.
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Rovi Corporation (NASDAQ: ROVI) shares dropped 11.87 percent to close at $20.50 a share Tuesday. The stock traded between $19.50 and $23.42 on volume 6.58 million shares traded. A federal appeals court has ruled that Amazon.com did not infringe on any of Rovi’s patents related to electronic programming guides. Shares of Rovi are up approximately 4.0 percent year-to-date.
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The Spectranetics Corporation (NASDAQ: SPNC) shares declined 11.87 percent to close at $23.01 a share Tuesday. The stock traded between $22.00 and $24.20 on volume 2.95 million shares traded. Analysts at Canaccord Genuity have recently lowered the company’s price target to $30.00 from $35.00. Shares of Spectranetics are down approximately 8.0 percent year-to-date.
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