12 Biggest Mid-Day Losers For Wednesday

by Lisa Levin, Benzinga Editor
September 14, 2016 1:10 PM | 2 min read |

 

  • RF Industries, Ltd. RFIL shares fell 17.6 percent to $1.80. RF Industries reported a Q3 loss of $0.07 per share, versus year-ago earnings of $0.02 per share.
  • LifeVantage Corp LFVN shares dropped 17.2 percent to $8.61 after announcing a delay in the release of its Q4 and FY 2016 financial results and form 10-K filing.
  • Radiant Logistics Inc RLGT dropped 15.1 percent to $2.54. On Tuesday, Radiant Logistics reported a Q4 loss of $0.01 per share on revenue of $183.6 million. Its adjusted net income for the quarter came in at $2.8 million.
  • Venaxis Inc APPY declined 14.9 percent to $3.71 after the company reported plans to acquire BiOptix Diagnostics.
  • SunPower Corporation SPWR shares fell 13 percent to $7.70. SunPower shares have dropped 60.96 percent over the past 52 weeks, while the S&P 500 index has gained 8.91 percent in the same period.
  • Cobalt International Energy, Inc. CIE dropped 10.7 percent to $0.9642. Crude oil futures declined 2.26 percent to trade at $44.45 a barrel.
  • Educational Development Corporation EDUC shares declined 7.8 percent to $11.18. Educational Development reported August sales of $10 million, up from $5 million in the year-ago period.
  • Cracker Barrel Old Country Store, Inc. CBRL shares dropped 7.3 percent to $139.59 after the company reported downbeat quarterly profit and issued a weak outlook for fiscal 2017.
  • Ruby Tuesday, Inc. RT shares declined 4.9 percent to $2.90. Ruby Tuesday named Lane Caldwell as interim President and CEO following the resignation of James Buettgen. The company also named Sue Briley as CFO. Ruby Tuesday issued weak forecast for the first quarter.
  • Glu Mobile Inc. GLUU fell 3.5 percent to $2.19 after the company reported the purchase of Poke Radar for $500,000.
  • Freeport-McMoRan Inc FCX dropped 3 percent to $9.85. Morgan Stanley downgraded Freeport-McMoRan from Equal Weight to Underweight and lowered the price target from $9 to $7.
  • Agios Pharmaceuticals Inc AGIO shares declined 2 percent to $45.12. Agios Pharmaceuticals announced plans to offer $150 million common stock.
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