Morning Market Losers

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Semtech
SMTC
dropped 15.29% to $23.78 on lowered forecast. Raymond James downgraded the stock from Strong Buy to Outperform. Rite Aid
RAD
plummeted 9.90% to $5.19 after the company lowered its outlook for the fiscal year. Cobalt International Energy
CIE
dropped 8.94% to $14.26 after the company provided an update on its Gulf of Mexico Drilling operations. Sino-Global Shipping America
SINO
dropped 8.90% to $2.15. Sino-Global's trailing-twelve-month ROE is -80.47%.
Posted In: NewsMovers & ShakersIntraday UpdateMarketsmarket losers
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