15 Biggest Mid-Day Losers For Wednesday - Allegiant Travel (NASDAQ:ALGT)

United States Steel Corporation X shares dropped 25.2 percent to $23.25 after the company reported surprise loss for its first quarter. U.S. Steel reported an adjusted loss of $0.83 per share and revenue of $2.73 billion.
Seagate Technology PLC STX shares dropped 16.1 percent to $42.36. Seagate posted upbeat quarterly earnings, while sales missed estimates.
Cree, Inc. CREE dropped 16 percent to $20.85 after the company posted weaker-than-expected quarterly results.
CyberOptics Corporation CYBE shares dipped 15.2 percent to $21.48. CyberOptics reported a Q1 loss of $0.03 per share on revenue of $11.92 million.
Flexion Therapeutics Inc FLXN declined 13.6 percent to $22.42. Flexion Therapeutics disclosed a proposed convertible senior notes offering.
NeoGenomics, Inc. NEO fell 12.1 percent to $7.48. NeoGenomics reported a Q1 loss of $654,000 on revenue of $61.7 million.
Orion Energy Systems, Inc. OESX dropped 11.9 percent to $1.56 after the company reported preliminary, unaudited financial results for its fourth quarter.
Natus Medical Inc BABY shares slipped 10.9 percent to $36.00 after the company posted downbeat quarterly profit.
Quantenna Communications Inc QTNA dropped 10.8 percent to $17.00. Quantenna Communications is projected to release quarterly earnings on May 8.
Ocean Power Technologies Inc OPTT shares fell 10.6 percent to $2.19.
BofI Holding, Inc. BOFI shares declined 10.2 percent to $23.66. BofI posted Q3 earnings of $0.63 per share on revenue of $130.1 million.
MACOM Technology Solutions Holdings Inc MTSI dropped 10.1 percent to $48.39. MACOM reported Q2 adjusted earnings of $0.63 per share on revenue of $186.1 million.
Sandstorm Gold Ltd SAND declined 9.5 percent to $3.65. Sandstorm and Mariana reported a recommended combination to create leading mid-tier streaming company.
Allegiant Travel Company ALGT dropped 8.5 percent to $149.85 as the company posted downbeat quarterly earnings. Deutsche Bank downgraded Allegiant Travel from Buy to Hold.
Discover Financial Services DFS fell 4.2 percent to $64.47. Discover Financial reported Q1 earnings of $1.43 per share.

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