Market Overview

Morning Market Losers

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Liquid Holdings Group (NASDAQ: LIQD) shares fell 43.04% to $1.31 after the company priced a follow-on offering of 32,000,000 shares at a price of $1.25 per share.

Guanwei Recycling (NASDAQ: GPRC) declined 34.47% to $1.35 after the company reported its Q1 earnings of $0.07 per share on revenue of $11.80 million.

VOXX International (NASDAQ: VOXX) declined 28.80% to $7.17 after the company reported a Q4 loss of $0.35 per share on revenue of $187.10 million. B Riley downgraded VOXX from Buy to Neutral and cut the price target from $18.00 to $10.00.

NQ Mobile (NYSE: NQ) shares tumbled 26.10% to $7.56 on 20-F filing delay.

Sorrento Therapeutics (NASDAQ: SRNE) shares tumbled 22.09% to $5.22 after the company priced 4,765,000 shares of common stock at a price of $5.25 per share.

E-Commerce China Dangdang (NYSE: DANG) shares slipped 17.59% to $9.51 after the company reported weaker-than-expected Q1 revenue and issued a weak Q2 revenue guidance.

Goldfield (NYSE: GV) shares dipped 17.21% to $1.78 after the company reported Q1 results.

The ExOne Company (NASDAQ: XONE) declined 11.51% to $27.28 after the company reported a wider first-quarter loss. The company posted a loss of $0.38 per share on revenue of $7.3 million. However, analysts were projecting a loss of $0.12 per share on revenue of $9.7 million.

Bristol-Myers Squibb Company (NYSE: BMY) shares slipped 4.72% to $49.66 as the company reported that nivolumab in combo with yervoy in Phase 2 and 1b trials showed anti-tumor activity. BMO Capital downgraded Bristol-Myers Squibb from Overweight to Market Perform and cut the price target from $60.00 to $55.00.

Delek US Holdings (NYSE: DK) slipped 3.18% to $30.11 after the company priced 9.2 million shares of its common stock at $30.00 per share.

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