Market Overview

Morning Market Losers

Sarepta Therapeutics (NASDAQ: SRPT) fell 25.03% to $19.41 after the company offered long-term outcomes through 144 weeks from Phase IIb study of eteplirsen in DMD.

Potbelly (NASDAQ: PBPB) dropped 20.74% to $11.61 after the company warned it will miss Q2 expectations by a wide margin.

Lumber Liquidators Holdings (NYSE: LL) shares declined 19.51% to $56.68 after the company lowered its earnings forecast for the year. Jefferies downgraded the stock from Buy to Hold and cut the price target from $115.00 to $57.00.

China XD Plastics Co (NASDAQ: CXDC) shares declined 16.34% to $6.40.

Ocera Therapeutics (NASDAQ: OCRX) declined 15.71% to $6.01 after the company priced 4,200,000 shares at a price of $6.00 per share

Destination Maternity (NASDAQ: DEST) slipped 11.43% to $21.97 after the company reported a 5.3% drop in its Q3 same-store sales.

Leading Brands (NASDAQ: LBIX) shares dropped 10.69% to $4.26 after the company reported its Q1 earnings of $0.06 per share on revenue of $3.90 million.

CGG (NYSE: CGG) shares fell 8.48% to $12.08 after the company provided its vessel utilization and its fleet allocation updates for the second quarter.

WD-40 Company (NASDAQ: WDFC) shares declined 7.37% to $70.50 after the company reported weaker-than-expected third-quarter results.

Memorial Production Partners LP (NASDAQ: MEMP) shares dipped 6.69% to $22.32 after the company announced a public offering of 8.6 million common units.

Tractor Supply Company (NASDAQ: TSCO) shares slipped 6.26% to $57.54 after the company issued a second-quarter profit warning. The company projected earnings of $0.94 to $0.95 per share on sales of $1.58 billion.

Helen of Troy (NASDAQ: HELE) shares dipped 5.46% to $57.16 after the company reported weaker-than-expected fiscal first-quarter adjusted profit.

Liquidity Services (NASDAQ: LQDT) shares fell 4.97% to $13.95 after the company announced the sale of rolling stock and other assets. The company now expects FQ3 adjusted earnings per share to be around 10%-20% below its forecast of $0.28 to $0.34.

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

 

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