12 Biggest Mid-Day Losers For Friday

 

  • Stone Energy Corporation SGY shares dropped 43.7 percent to $5.46 after the company reported a comprehensive restructuring support agreement with senior noteholders and agreed to sell its Appalachia assets.
  • Supreme Industries, Inc. STS shares tumbled 17.5 percent to $14.81. Supreme Industries reported Q3 earnings of $0.29 per share on revenue of $74.8 million.
  • Skechers USA Inc SKX shares declined 17.4 percent to $18.96 after the company reported downbeat results for its third quarter and issued a weak forecast for the fourth quarter.
  • Moleculin Biotech Inc MBRX shares dropped 14.8 percent to $3.69 after surging 60.97 percent on Thursday.
  • MGP Ingredients Inc MGPI shares declined 14.4 percent to $34.10. MGP Ingredients is estimated to report Q3 results on November 2, 2016.
  • First NBC Bank Holding Company FNBC fell 11.9 percent to $7.97. First NBC Bank shares have dropped 74.15 percent over the past 52 weeks, while the S&P 500 index has gained 6.06 percent in the same period.
  • Memorial Production Partners LP MEMP dropped 6.4 percent to $1.49. Raymond James downgraded Memorial Production from Market Perform to Underperform.
  • Twilio Inc TWLO shares slipped 6.3 percent to $41.38. Twilio priced its 7 million share offering at $40.00 per share.
  • Telefonaktiebolaget LM Ericsson ERIC shares declined 6.1 percent to $5.05 following quarterly results. Ericsson's operating profit declined to 0.3 billion Swedish crowns ($33.7 million), versus 5.1 billion crowns in the year-ago quarter. Sales fell 14 percent to 51.1 billion in the quarter.
  • Advanced Micro Devices, Inc. AMD shares fell 5.7 percent to $6.57. AMD posted better-than-expected results for its third quarter. However, the company issued disappointing revenue guidance for the current quarter.
  • Gastar Exploration Inc GST declined 5 percent to $1.32. FBR Capital downgraded Gastar Exploration from Outperform to Market Perform.
  • Moody's Corporation MCO shares dropped 4.3 percent to $103.50. Moody's posted better-than-expected Q3 results and raised its FY16 earnings outlook. The company disclosed that it has received a letter from the Department of Justice on September 29 stating civil complaint will be filed against the company.
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