Dendreon (DNDN -14.4%) retests its lows for the day as the Street begins to weigh in on its Q1...

|About: Dendreon Corporation (DNDN)|By:, SA News Editor

Dendreon (DNDN -14.4%) retests its lows for the day as the Street begins to weigh in on its Q1 miss and dismal Provenge sales numbers. Stifel Nicolaus cuts the shares to Sell, calling Provenge "hopeless," and saying the company is likely to burn through its cash long before it ever reaches breakeven, and faces the possiblity of bankruptcy before the end of FY14. Roth Capital also downgrades the stock to Sell as well.