15 Biggest Mid-Day Losers For Friday - Automatic Data Processing (NASDAQ:ADP), Boot Barn Holdings (NYSE:BOOT)

Endocyte, Inc. ECYT shares tumbled 31.6 percent to $1.87 after the company issued clinical updates for EC1456 and EC1169, and announced plans to reduce workforce by 40 percent via restructuring. Endocyte said that it is continuing EC1169 program in taxane-exposed patients, but ending clinical development of EC1456 and EC1169 in taxane-naïve patients.
RH RH shares dipped 25.7 percent to $42.53. RH reported in-line earnings for its first quarter, but lowered its earnings forecast for the year.
Boot Barn Holdings Inc BOOT shares fell 15.5 percent to $6.26. Boot Barn reported weaker-than-expected results for its fourth quarter.
Spi Energy Co Ltd (ADR) SPI shares dropped 12.8 percent to $1.63. Spi Energy shares surged Thursday after the company reported a deal with Capital Stage to sell UK solar project.
Zumiez Inc. ZUMZ shares declined 10.2 percent to $12.98. Zumiez posted upbeat results for its first quarter, but issued a weak forecast for the current quarter.
Walter Investment Management Corp WAC shares fell 9.1 percent to $1.15.
Hovnanian Enterprises, Inc. HOV dropped 7.8 percent to $2.32. Hovnanian reported a Q2 loss of $0.05 per share on sales of $585.9 million.
Fairmount Santrol Holdings Inc FMSA shares fell 7.7 percent to $4.55.
Pinnacle Foods Inc PF declined 7.5 percent to $60.93. CNBC's David Faber reported that Conagra Brands Inc CAG talks with Pinnacle Foods have concluded.
Savara Inc SVRA dropped 6.4 percent to $4.83. Savara reported an offering of common stock.
Sears Canada Inc. SRSC fell 6.3 percent to $0.900.
PDC Energy Inc PDCE fell 5.7 percent to $47.31. Credit Suisse downgraded PDC Energy from Outperform to Neutral.
DryShips Inc. DRYS shares declined 5.5 percent to $2.42 after rising 7.56 percent on Thursday.
Whiting Petroleum Corp WLL shares dropped 5.2 percent to $6.61. Credit Suisse downgraded Whiting Petroleum from Outperform to Neutral.
Automatic Data Processing ADP fell 3.1 percent to $100.11. Evercore ISI Group downgraded Automatic Data Processing from In-Line to Underperform.

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