Morning Market Losers
Best Buy Co (NYSE: BBY) plummeted 26.35% to $27.67 after the company reported a 0.8% drop in its comparable store sales for the nine weeks ended January 4. Oppenheimer downgraded Best Buy from Outperform to Market Perform and cut the price target from $50.00 to $30.00.
Nu Skin Enterprises (NYSE: NUS) dropped 20.85% to $91.20. Shen reported that China MOFCOM will check company's operations following The People's Daily report. Canaccord Genuity downgraded the stock from Buy to Hold.
Alamos Gold (NYSE: AGI) dropped 12.65% to $10.91 after the company issued a weak Q4 outlook.
Ossen Innovation Co (NASDAQ: OSN) dropped 10.26% to $1.05. Ossen Innovation shares have jumped 44.44% over the past 52 weeks, while the S&P 500 index has gained 24.81% in the same period.
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