Morning Market Losers
Rite Aid (NYSE: RAD) shares fell 12.12% to $7.47 after the company lowered its FY14 earnings forecast from $0.31 to $0.42 per share to $0.30 to $0.40 per share. The company's same-store sales increased 3.5% in May.
RCS Capital (NYSE: RCAP) shares dropped 8.41% to $20.70 after the company priced 24 million share offering at $20.25 per share.
Novavax (NASDAQ: NVAX) shares tumbled 6.50% to $4.75 after the company announced a $100 million public offering of common stock.
PVH (NYSE: PVH) declined 6.23% to $122.54 after the company reported weaker-than-expected first-quarter results and lowered its full-year earnings outlook.
Vera Bradley (NASDAQ: VRA) shares declined 5.98% to $23.74 after the company reported downbeat quarterly sales and lowered its outlook for the year.
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