Morning Market Losers
Mechel OAO (NYSE: MTL) shares slipped 26.21% to $1.07. Russian Economy Minister Alexei Ulyukayev said Saturday, bankruptcy most likely scenario for Mechel, Reuters reported.
CARBO Ceramics (NYSE: CRR) shares declined 16.36% to $70.69 after the company provided an update concerning marketplace conditions and related impact to sales volumes.
TriMas (NASDAQ: TRS) dropped 9.14% to $26.84 after the company cut its full-year profit outlook.
AutoZone (NYSE: AZO) slipped 4.40% to $503.28. The company's quarterly revenue missed analysts' estimates. However, the company reported upbeat quarterly earnings.
Yahoo! (NASDAQ: YHOO) shares fell 2.81% to $39.78 trading after Bank of America downgraded the stock from Buy to Neutral.
Alibaba Group Holding (NYSE: BABA) shares declined 2.55% to $91.50 after jumping 38% on its first day of trading. MKM Partners initiated coverage on Alibaba with a Buy rating and a $125.00 price target.
Kandi Technolgies Group (NASDAQ: KNDI) shares dropped 2.32% to $14.67 after dropping 2.40% on Friday.
Walgreen Co (NYSE: WAG) declined 2.10% to $61.56 after Barclays downgraded the stock from Overweight to Equal-weight and lowered the price target from $92.00 to $68.00.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.