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EXACT Sciences Corporation (EXAS), Ultratech, Inc. (UTEK), Nokia Corporation (ADR) (NOK): Stocks Losing Ground

Editor’s note: Related tickers: EXACT Sciences Corporation (NASDAQ:EXAS), Mecox Lane Ltd (NASDAQ:MCOX), Orchard Supply Hardware Stores Corp (NASDAQ:OSH), Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), UniTek Global Services Inc. (NASDAQ:UNTK), Ultratech, Inc. (NASDAQ:UTEK), Nokia Corporation (ADR) (NYSE:NOK), Acura Pharmaceuticals, Inc. (NASDAQ:ACUR), China Information Technology, Inc. (NASDAQ:CNIT), Greenhill & Co., Inc. (NYSE:GHL)

Since the market is a kind of competition, there are always winners and losers. And while, usually the attention is more focused on more popular stocks with higher turnovers, or on stocks which are gaining more than others, those companies whose stocks are in declination should not be overlooked. On Thursday, some of these losers are: EXACT Sciences Corporation (NASDAQ:EXAS), Ultratech, Inc. (NASDAQ:UTEK), Nokia Corporation (ADR) (NYSE:NOK) and others.

EXACT Sciences Corporation (NASDAQ:EXAS)So, the top loser on Thursday is EXACT Sciences Corporation (NASDAQ:EXAS), which lost 19.07% to $8.07 a share in deals worth $15.5 million. The decline of the EXACT Sciences Corporation (NASDAQ:EXAS)’s shares is caused by experts’ disappointment regarding the company’s molecular screening test for colorectal cancer. The company announced that the test discovered the disease in more patients that other tests that are already in use, but the experts were waiting for better outcomes, NetPRNews reported.

The next company on the list is Mecox Lane Ltd (NASDAQ:MCOX), which declined by 13.42% to $1.29 a share. Mecox Lane Ltd (NASDAQ:MCOX) is a company specialized in retail sales via mail-order.

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) slid by 14.80% to $1.39. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has recently announced its quarterly results, which showed a huge drop in revenue of $8.5 million, from $27.54 million posted a year ago, StreetInsider said.

Orchard Supply Hardware Stores Corp (NASDAQ:OSH) is the fourth worst loser, depreciating by 14.12% to $1.60 per share. The company’s decline came after the WSJ discussed Orchard Supply Hardware Stores Corp (NASDAQ:OSH) getting restructuring lawyers, according to SBWire.

UniTek Global Services Inc. (NASDAQ:UNTK) went down by 14.09% to $1.28 a pop. A statement on NASDAQ said that UniTek Global Services Inc. (NASDAQ:UNTK) has received a letter from the NASDAQ according to which, “the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because, as disclosed in the Company’s press release dated April 12, 2013, the Company did not timely file its Annual Report on Form 10-K for the year ended December 31, 2012. The notification of non-compliance has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market.”

Ultratech, Inc. (NASDAQ:UTEK) fell by 12.81% to $31.72 in deals worth almost $2.0 million. According to StreetInsider, Ultratech, Inc. (NASDAQ:UTEK) posted EPS of $0.48, which is $0.01 lower than the estimates from analysts. The company’s revenue totalled $60.6 million, which is also below the estimate of $65.29.

Nokia Corporation (ADR) (NYSE: NOK) was reported by us as the volume leader with a turnover worth $115.7 million, but is also one of the top losers. The stock of  Nokia Corporation (ADR) (NYSE: NOK) dropped by 11.73% to $3.16 amid posting its quarterly earnings.

Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) lost 10.76% to $2.57 in deals worth $1.2 million. According to SBWire, Acura Pharmaceuticals Inc. (NASDAQ:ACUR) gained over 50% on Wednesday, after federal regulators announced about intending “to block new painkillers that were not design to resist abuse.”

China Information Technology, Inc. (NASDAQ:CNIT) fell by 9.92% to $1.18 a pop. According to Yahoo! Finance China Information Technology, Inc. (NASDAQ:CNIT) “provides integrated solutions for the geographic information systems (GIS), digital public security technology (DPST), digital hospital information systems (DHIS), education, media, and consumer product markets in the People’s Republic of China.”

With a drop of 9.67% Greenhill & Co., Inc. (NYSE:GHL) is the last on our top 10 list. Greenhill & Co., Inc. (NYSE:GHL) last traded at $46.15 after disappointing the analysts’ estimates by posting an EPS of $0.45 against the estimate of $0.68. The company’s revenue was also lower than the estimates at $79.5 million, against $102.1 million consensus estimate.

Disclosure: none

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