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Top AMEX Stocks Losers were CVM, HEB, MHR : by Penny Stock Pick Alert

CEL-SCI Corporation , Hemispherx BioPharma and Magnum Hunter Resources Corporation were Top AMEX Stocks Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 12, 2009 ) Dallas, TX - CEL-SCI Corporation (AMEX:CVM) declined 1.49% to $1.32 on 6.37 million shares. The stock hit an intraday high and an intraday low of $1.32 and $1.19 respectively. In the last six months the stock went up over 301%. CEL-SCI Corporation, is engaged in the development of a product called Multikine for the treatment of cancer. It simulates the activities of a healthy person's immune system, which battles cancer every day.

Hemispherx BioPharma, Inc (AMEX:HEB) plunged 9.17% to $1.09. The stock hit an intraday high and an intraday low of $1.18 and $1.06 respectively. In the last three months the stock went down over 46%. Hemispherx Biopharma, Inc. is a biopharmaceutical company engaged in the clinical development, manufacture, marketing and distribution of new drug therapies based on natural immune system enhancing technologies for the treatment of viral and immune based chronic disorders.

Magnum Hunter Resources Corporation (AMEX:MHR) decreased 9% to $1.72 after the company announced that it has entered into definitive agreements with certain institutional investors to sell 3,903,720 units, with each unit consisting of one of the Company's common shares and a one fifth of a warrant to purchase one common share, for gross proceeds of approximately $6.75 million, before deducting placement agent fees and estimated offering expenses, in a registered direct offering. The investors have agreed to purchase the units at a purchase price of $1.73 per unit.

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