Market Overview

Morning Market Losers

Share:
Related RAD
5 Consumer Staples Stocks Trading Below 1.0x Sales, 12.0x Earnings
Benzinga's Top Downgrades
CVS Health's Q2 Earnings, Sales Growth Seen Slowing (Investor's Business Daily)
Related RCAP
Barclays' Outlook For Brokers, Asset Managers And Exchanges
Stocks Hitting 52-Week Lows
National Holdings: Cash Heavy, Equity Rich Company Trading At Incredible Value (Seeking Alpha)

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.

Smith & Nephew plc (NYSE: SNN) tumbled 5.02% to $92.39. Medtronic (NYSE: MDT) is discussing a takeover bid for Smith & Nephew, according to Bloomberg.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

 

Related Articles (NVAX + MDT)

Get Benzinga's Newsletters