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Lower Close On Quadruple Witching Day

The markets closed lower with the Dow slipping 28 points to 16,302 on quadruple witching day. Nasdaq tumbled 42 points to 4276. 

On the upside 

Genco Shipping (NYSE: GNK) made an interest payment of $3.1 million.

Shares of Aastrom Biosciences (Nasdaq: ASTM) extended its gains.

Shares of Borderfree (Nasdaq: BRDR) soared on its first trading day.

On the downside

A Seeking Alpha contributor warned that MiMedx Group (Nasdaq: MDXG) chief executive Parker Petit may be convicted of insider trading. 

China Mobile Games and Entertainment Group (Nasdaq: CMGE) priced its follow-on public offering of 3.442 million American Depositary Shares at the discounted price of $24 per ADS.

A $29.4 million order that Geospace Technologies (Nasdaq: GEOS) received from Seafloor Geophysical Solutions may be postponed.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE while decliners edged out advancers by 7 to 5 on Nasdaq. The broader S&P 500 lost 5 points to 1866. Bitcoin lost $10.85 or 1.84% to $579.57.

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