Market Overview

Morning Market Losers

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Verisign Shares Drop as U.S. Relinquishes Domain Control (Fox Business)
Related LMIA
LMI Aerospace, Inc. Names CEO Dan Korte to Board of Directors
LMI Aerospace, Inc. Announces New Chief Operating Officer

VeriSign (NASDAQ: VRSN) dipped 9.77% to $49.49 after Cowen & Company downgraded the stock from Outperform to Market Perform and cut the price target from $63.00 to $49.00.

LMI Aerospace (NASDAQ: LMIA) shares fell 9.75% to $13.52 after the company suspended its annual forecast and withdrew its earlier issued 2014 guidance.

Harvest Natural Resources (NYSE: HNR) shares tumbled 8.06% to $3.99 after the company reported a loss in the fourth quarter. Harvest Natural posted a quarterly net loss of $112.7 million, or $3.02 per share, versus a year-ago loss of $23.1 million, or $0.59 per share.

Gray Television (NYSE: GTN) shares dropped 7.99% to $9.67 after Wells Fargo downgraded the stock from Outperform to Market Perform.

Ocean Power Technologies (NASDAQ: OPTT) shares dropped 6.48% to $4.04 after tumbling 15.29% on Friday. The company reported a Q3 loss of $0.06 per share on Friday.

Sterling Construction Co (NASDAQ: STRL) shares declined 5.83% to $9.37 after the company reported weaker-than-expected Q4 results. Sterling Construction reported a Q4 adjusted loss of $1.83 per share on revenue of $125.90 million. (NYSE: WUBA) tumbled 4.25% to $49.62 after the company filed for a $400 million ADS offering via Morgan Stanley, Citi, Credit Suisse.

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