Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Morning Market Losers


Recro Pharma (NASDAQ: REPH) dipped 46.41% to $3.06 after the company reported that its trial study is not seen reaching statistical significance.

Golden Minerals Company (NYSE: AUMN) declined 25.74% to $0.75 after the company announced a proposed public offering of common stock and warrants.

Quiksilver (NYSE: ZQK) shares tumbled 25.07% to $2.12 after the company reported downbeat results for thousand third quarter. The company posted an loss of $0.20 per share on revenue of $395.7 million. However, analysts were expecting earnings of $0.03 per share on revenue of $439.6 million.

Zumiez (NASDAQ: ZUMZ) shares dipped 13.36% to $28.08 after the company issued a weak third-quarter earnings forecast. However, the company reported better-than-expected second-quarter earnings. Analysts at Piper Jaffray downgraded Zumiez from Overweight to Neutral.

The Gap (NYSE: GPS) dropped 5.71% to $43.93 after the company posted a 2% drop in August same-store sales, versus analysts' expectations for a 1.6% gain.

Michael Kors Holdings (NYSE: KORS) slipped 5.03% to $75.95. The company priced 11.6 million shares at $76.75 per share.

PennantPark Investment (NASDAQ: PNNT) shares dropped 4.30% to $11.35 after the company announced a public offering of 11 million shares.

Finisar (NASDAQ: FNSR) shares declined 3.56% to $17.72 after the company issued a downbeat Q2 earnings forecast. Analysts at Stifel Nicolaus downgraded Finisar from Buy to Hold and removed the target price of $26.

Golar LNG (NASDAQ: GLNG) shares declined 3.38% to $58.30 after the company said its chairman will sell up to a 34% stake in the company.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets


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