Morning Market Losers
The Ensign Group (NASDAQ: ENSG) tumbled 41.85% to $27.64 after the company announced the completion of spin-off of CareTrust REIT and acquired two skilled nursing facilities in Colorado and Washington.
Quiksilver (NYSE: ZQK) shares dropped 39.98% to $3.48 after the company posted a loss in the fiscal second quarter and issued a weak forecast. Quiksilver posted an adjusted loss of $0.15 per share on revenue of $408 million. However, analysts were expecting a loss of $0.02 per share on revenue of $449 million. Analysts at Stifel Nicolaus downgraded Quiksilver from Buy to Hold.
Theravance (NASDAQ: THRX) slipped 21.38% to $22.53. Theravance and Theravance Biopharma announced the completion of separation of late-stage partnered respiratory assets from biopharmaceutical operations.
Speed Commerce (NASDAQ: SPDC) shares dropped 12.71% to $3.09 after the company announced a $10 million private offering.
Advanced Energy Industries (NASDAQ: AEIS) slipped 12% to $16.72 after the company reported that its CEO Garry Rogerson has decided to step down from his role. Needham downgraded Advanced Energy Industries from Buy to Hold.
Krispy Kreme Doughnuts (NYSE: KKD) declined 11.95% to $16.73 after the company reported weaker-than-expected first-quarter revenue and cut its FY15 outlook. Krispy Kreme posted its adjusted earnings of $0.23 per share on revenue of $121.6 million.
Clovis Oncology (NASDAQ: CLVS) shares fell 9.53% to $43.20 after falling 6.76% on Monday. Citigroup downgraded Clovis Oncologyfrom Buy to Neutral.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.