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Trubion Pharmaceuticals, Inc. leads Wednesday's small-cap percentage losers

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Chinese phone maker and distributor Qiao Xing Universal Telephone Inc. (Nasdaq: XING) said Wednesday that will need more time to file its 2006 annual report on account of “accounting matters.”

Franklin Bank Corp. (Nasdaq: FBTX) announced it will sell $23.3 million of its common stock at $15.70 per share to a group of investors as well as its officers, employees and directors.

Law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP filed a class action suit on behalf of an institutional investor against Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today.

These are the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million:

    Price at %
1:15p.m. et Change Change Volume Year High Year Low
 TRBN  TRUBION PHARMACEUTICALS INC   19.57     -1.29     -6.2%     0.2k     22.50     12.70  
 SVLF  TRUBION PHARMACEUTICALS INC   5.56     -0.19     -3.3%     0.1k     5.75     3.00  
 XING  SILVERLEAF RESORTS INC   13.01     -0.33     -2.5%     5.0k     19.94     9.60  
 NRMX  QIAO XING UNIVERSAL TELEPHON   7.14     -0.16     -2.2%     2.6k     26.51     5.60  
 AVZA  NEUROCHEM INC   5.52     -0.11     -2.0%     0.2k     8.99     3.46  
 FBTX  AVIZA TECHNOLOGY INC   15.45     -0.29     -1.8%     1.0k     21.88     14.99  
 CVTI  FRANKLIN BK CORP DEL   11.17     -0.17     -1.5%     0.1k     15.44     10.42  
 FOLD  COVENANT TRANSN GROUP INC   12.66     -0.19     -1.5%     0.1k     16.80     12.50  
 SAMBD  AMICUS THERAPEUTICS INC   11.15     -0.15     -1.3%     0.1k     12.18     11.30  
 NBIX  SUN AMERICAN BANCORP   12.59     -0.16     -1.3%     1.2k     14.88     7.51