American Apparel (AMEX: APP) 10.2% LOWER; delays the filing of its 10-K, citing reviews and analyses of its '09, '10 financials.
The retailer said it expects to see 2010 sales and gross margin decrease and a loss. Affymax, Inc. (Nasdaq: AFFY) 7.1% LOWER; announced that it is offering to sell shares of its common stock in an underwritten public offering.
Affymax also expects to grant the underwriters a 30-day option to purchase additional shares of common stock to cover over-allotments, if any.