Market Overview

Morning Market Losers

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IRadimed (NASDAQ: IRMD) shares slipped 39.81% to $6.26 after the company announced the receipt of the FDA warning letter regarding inspection of facility.

Digital Ally (NASDAQ: DGLY) shares dipped 18.14% to $27.35 after gaining around 80% on Tuesday.

Helen of Troy (NASDAQ: HELE) dropped 10.89% to $52.71 after the company cut its earnings forecast for fiscal 2015 citing recent weakness in retailing.

Capital Product Partners LP (NASDAQ: CPLP) shares fell 7.85% to $10.10 after the company priced 15 million units at $10.53 per unit.

Clovis Oncology (NASDAQ: CLVS) shares declined 6.87% to $44.98 after the company announced its plans to offer $200 million of convertible senior notes.

Ellington Financial LLC (NYSE: EFC) dropped 3.94% to $23.63 after the company priced 8 million shares at $23.92 per share.

Guidewire Software (NYSE: GWRE) shares tumbled 1.59% to $45.09 after the company issued a weak FY15 forecast. However, the company reported stronger-than-expected fiscal fourth-quarter results.

Frontier Communications (NASDAQ: FTR) shares declined 1.33% to $6.70. Morgan Stanley downgraded Frontier Communications from Equal-weight to Underweight.

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