Market Overview

Morning Market Losers

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Cyan (NYSE: CYNI) shares declined 14.29% to $2.10 after the company announced a proposed $50 million offering of convertible senior secured notes and warrants to purchase common stock.

Puma Biotechnology (NYSE: PBYI) shares slipped 13.92% to $193.69 on delay in the NDA filing for PB272.

Bob Evans Farms (NASDAQ: BOBE) shares dropped 9.46% to $50.51 after the company reported better-than-expected earnings for the fiscal 2015 second quarter. However, the company's revenue missed analysts' estimates. Analysts at KeyBanc downgraded Bob Evans from Hold to Underweight.

Recon Technology (NASDAQ: RCON) slipped 6.20% to $2.57 after the company announced a new fracking system.

J. C. Penney Company (NYSE: JCP) shares dropped 6.12% to $6.94 after analysts at Goldman Sachs downgraded the stock from Neutral to Sell.

TASER International (NASDAQ: TASR) shares fell 5.46% to $22.07 after JP Morgan downgraded the stock from Overweight to Neutral.

Paycom Software (NYSE: PAYC) dropped 5.22% to $26.16 after Barclays downgraded the stock from Overweight to Equal-weight.

CDW (NYSE: CDW) shares declined 3.41% to $33.22 after the company priced 15 million shares of common stock by selling stockholders at $33.28 per share.

 

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