Morning Market Losers
Meritor (NYSE: MTOR) slipped 11.03% to $12.98 after the company reached a $500 million settlement with Eaton (NYSE: ETN) related to an anti-trust suit filed in 2006. The company's board authorized a repurchase of up to $210 million.
InspireMD (NYSE: NSPR) dropped 10.77% to $2.90 after the company received European approval to resume MGuard Prime manufacturing.
Arotech (NASDAQ: ARTX) shares slipped 8.14% to $4.29 after the company announced a $36 million follow on order for virtual clearance training program. Arotech now expected FY14 sales of $105.0 million to $111.0 million.
Ixia (NASDAQ: XXIA) tumbled 5.14% to $11.26 after the company reported its Q4 earnings of $0.15 per share on revenue of $120.60 million. Ixia now expected Q1 sales of $109.0 million to $113.0 million.
Kandi Technolgies Group (NASDAQ: KNDI) shares slipped 3.85% to $12.72 after dropping 2.65% on Friday.
FMC (NYSE: FMC) shares declined 3.30% to $72.28 after the company lowered its FY14 earnings forecast and issued a weak Q2 outlook.
NVIDIA (NASDAQ: NVDA) shares fell 1.77% to $18.59. Pacific Crest downgraded NVIDIA from Sector Perform to Underperform.
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