Morning Market Losers

Transition Therapeutics Inc (USA) (NASDAQ: TTHI) dipped 70.95 percent to $2.62 after the company reported results of clinical study of ELND005 in agitation and aggression in patients with Alzheimer's disease. Alcobra Ltd (NASDAQ: ADHD) shares dropped 14.90 percent to $7.14 after the company reported results from Phase 2 trial of MDX for Fragile X syndrome. The company said study did not meet primary endpoint of change on ADHD RS-IV inattentive subscale. Inphi Corporation (NYSE: IPHI) shares slipped 7.24 percent to $24.21. Northland Securities downgraded Inphi from Outperform to Market Perform. Sunedison Semiconductor Ltd (NASDAQ: SEMI) dropped 6.32 percent to $19.70 after the company reported an offering of 15.94 million common shares by selling stockholders. Ets Delhaize Freres et cie le Lion SA (NYSE: DEG) shares fell 6.27 percent to $23.01 after Royal Ahold NV agreed to merge with Delhaize Group. Fortinet Inc (NASDAQ: FTNT) shares declined 5.14 percent to $40.99. Baird downgraded Fortinet from Neutral to Underperform.