Morning Market Losers - Walt Disney (NYSE:DIS)

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Macrocure Ltd (NASDAQ: MCUR) shares dropped 74.51 percent to $3.07. Macrocure reported that its Phase III clinical trial of CureXcell in venous leg ulcers is not expected to meet primary endpoint. Oppenheimer downgraded Macrocure from Outperform to Perform and removed the price target of $20.00.

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Amira Nature Foods Ltd (NYSE: ANFI) shares declined 34.77 percent to $3.02. Amira Nature Foods announced that the Audit Committee has engaged ASA & Associates LLP as the independent auditors.Stage Stores Inc (NYSE: SSI) shares fell 30.24 percent to $11.79 after the company reported weaker-than-expected earnings for the second quarter and lowered its forecast for the full year.

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Jumei International Holding Ltd(ADR) (NYSE: JMEI) slipped 23.49 percent to $12.80. Jumei Int'l reported Q2 sales of $308.1 million and adjusted earnings of $0.13 per share.

Kirkland's, Inc. (NASDAQ: KIRK) shares dropped 13.27 percent to $23.14. Kirkland's reported a Q2 loss of $0.13 per share on revenue of $115.3 million. Momo Inc (ADR) (NASDAQ: MOMO) shares dipped 3 percent to $15.50. Momo reported Q2 adjusted earnings of $0.03 per ADS on sales of $30.7 million. Walt Disney Co (NYSE: DIS) shares slipped 2.95 percent to $103.31. Bernstein downgraded Disney from Outperform to Market Perform.