Market Overview

Midday Losers From November 17: DreamWorks, Denbury Resources, ShoreTel, Hanger, LinkedIn

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DreamWorks Animation Skg Inc (NASDAQ: DWA) -15% - Shares have cooled off Monday as Hasbro, Inc. takeover discussions surrounding the firm has diminished.

Denbury Resources Inc. (NYSE: DNR) -11% - Late Friday, the company announced that it expects production to remain largely flat next year and plans to halve capital spending. Following the announcement, analysts at Credit Suisse and Sterne Agee downgraded the stock on Monday.

ShoreTel Inc (NASDAQ: SHOR) -10% - On Monday, Mitel announced that it has withdrawn its proposal to acquire ShoreTel.

Hanger Inc (NYSE: HGR) -6% - On Sunday, the company announced it is postponing the release of its third quarter 2014 financial results and is cancelling its previously scheduled earnings conference call to allow additional time for the completion and review of its third quarter financial statements.

LinkedIn Corp (NYSE: LNKD) -5% - Shares are trending lower as a report surfaced that Facebook Inc will be entering the space with a professional website.

Posted-In: Movers

 

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