10 Biggest Mid-Day Losers For Thursday

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  • Ampio Pharmaceuticals Inc AMPE shares dipped 56.3 percent to $1.45 following negative phase 3 trial results. Ampio Pharma reported that it will request the FDA approval for the treatment of pain due to severe osteoarthritis of the knee.
  • Kingtone Wirelessinfo Solutions Hldg Ltd KONE shares dipped 39.3 percent to $1.88. Kingtone Wirelessinfo Solution reported a 1H'16 loss of $0.48 per share, versus a year-ago profit of $1.87 per share. The company also lowered its FY16 outlook.
  • Costamare Inc CMRE shares fell 17 percent to $7.50. Morgan Stanley downgraded Costamare from Overweight to Equal-weight and lowered the price target from $12.00 to $7.50.
  • Exfo Inc EXFO dropped 14.6 percent to $3.40. EXFO reported Q3 IFRS earnings of $0.02 per share on revenue of $60.9 million. The company also expected Q3 revenue of $57 million to $62 million.
  • Triangle Petroleum Corporation TPLM shares dropped 15.8 percent to $0.315. Triangle USA Petroleum filed for Chapter 11 Bankruptcy.
  • Xplore Technologies Corp. XPLR shares dipped 13.8 percent to $2.50. Xplore Technologies reported a FY16 loss of $0.03 per share on revenue of $100.53 million.
  • Bassett Furniture Industries Inc. BSET shares declined 13.4 percent to $23.92 following weak Q2 earnings. Bassett Furniture reported Q2 earnings of $0.31 per share.
  • Pier 1 Imports Inc PIR declined 9.6 percent to $4.92 after the company reported a wider-than-expected loss for its first quarter and issued a weak outlook.
  • Intercept Pharmaceuticals Inc ICPT shares dropped 5.2 percent to $142.06 in the pre-market trading session after the company reported a $400 million public offering of convertible senior notes.
  • Tractor Supply Company TSCO shares fell 3.2 percent to $92.13 after the company lowered its FY16 guidance.
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