Market Overview

Morning Market Losers

Elbit Imaging Ltd (NASDAQ: EMITF) shares moved down 19.53% to $8.20 at 9:55 am. EMITF's board of directors approved the buyback of up to NIS 150 million (around $43 million) of Elbit's Series A through F Notes.

SmartHeat Inc (NASDAQ: HEAT) shares dropped 19.21% to $1.43. HEAT posted a surprise loss for the first quarter.

Ku6 Media Co Ltd (NASDAQ: KUTV) dipped 19.17% to $3.88. KUTV is scheduled to report its Q1 earnings on May 24.

Fidelity Bancorp Inc (NASDAQ: FSBI) fell 15.85% to $8.07. FSBI's trailing-twelve-month ROE is 1.00%.

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