Morning Market Losers

Actions Semiconductor Co ACTS shares declined 16.39% to $1.99 after the company lowered its Q2 revenue forecast. IntelliPharmaCeutics International IPCI shares fell 14.36% to $3.34 on Q2 results. IntelliPharmaCeutics posted a loss from operations of $3.1 million, versus a loss from operations of $1.8 million. Eagle Bulk Shipping EGLE shares fell 8.63% to $2.54. Camtek CAMT shares tumbled 8.37% to $4.60 after jumping 56.87% on Monday. The Fresh Market TFM fell 6.63% to $30.50. Analysts at Goldman Sachs downgraded Fresh Market from Neutral to Sell. Sino-Global Shipping America SINO shares slipped 6.40% to $1.90 after the company announced its plans to buy ship management company from Qingdao Zhenghe Shipping. SeaDrill SDRL shares fell 4.92% to $37.65. Seadrill launched $1 billion 2019 convertible bond concurrently with a voluntary incentive payment offer to convert the existing $650 million 3.375% 2017 convertible bond. AbbVie ABBV tumbled 1.32% to $56.64 after the company lifted its offer for Shire plc SHPG to 30.1 billion pounds ($51.3 billion).