Market Overview

Morning Market Losers

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SLM (NASDAQ: SLM) shares tumbled 64.35% to $9.18 after gaining 0.10% on Wednesday. Credit Suisse initiated coverage on SLM with a Outperform rating.

Emulex (NYSE: ELX) declined 27.83% to $5.16 after the company reported Q3 results. Piper Jaffray downgraded Emulex from Overweight to Neutral and cut the price target from $10.00 to $6.00.

QuickLogic (NASDAQ: QUIK) shares fell 18.82% to $3.84 after the company reported a Q1 loss of $0.03 per share on revenue of $11.20 million. (NASDAQ: STMP) declined 18.64% to $28.24 after the company reported downbeat quarterly results.

American Railcar Industries (NASDAQ: ARII) declined 13.94% to $59.76 after the company reported weaker-than-expected Q1 results.

Education Management (NASDAQ: EDMC) shares fell 13.35% to $3.44 on FQ3 results.

JDS Uniphase (NASDAQ: JDSU) declined 10.34% to $11.36 after the company reported downbeat Q3 results and issued a weak Q4 forecast.

YRC Worldwide (NASDAQ: YRCW) shares slipped 8.34% to $20.56 after the company posted Q1 results.

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