Market Overview

Morning Market Losers

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Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) shares fell 23.94% to $1.08 after the company priced a 10 million share offering at $1.00 per share.

Bazaarvoice, Inc. (NASDAQ: BV) shares tumbled 23.68% to $6.93 after the company reported results for the third quarter. B Riley downgraded Bazaarvoice from Buy to Neutral.

Veeva Systems Inc. (NYSE: VEEV) shares dropped 21.47% to $25.67 after the company reported Q4 results and announced its intent to acquire the key opinion leader (KOL) business and products known as Qforma CrowdLink. Deutsche Bank downgraded Veeva Systems from Buy to Hold.

Bob Evans Farms, Inc. (NASDAQ: BOBE) shares dipped 21.28% to $46.95 after the company reported fiscal third quarter financial results Tuesday and missed expectations. The Board of Directors also announced that the company will not pursue a sale or spin-off of the BEF Foods business segment at this time.

TriNet Group, Inc. (NYSE: TNET) shares dropped 17.21% to $31.36 after the company reported downbeat Q4 results.

Xplore Technologies Corp. (NASDAQ: XPLR) shares fell 12.70% to $6.05 after the company priced 2 million shares at $6 per share for gross proceeds of $12 million.

Abercrombie & Fitch Co. (NYSE: ANF) shares dropped 9.70% to $21.66 after the company reported downbeat Q4 sales.

Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) declined 7.21% to $13.89. Sucampo reported Q4 earnings of $0.21 per share on revenue of $37.8 million.

Fastenal Company(NASDAQ: FAST) shares fell 2.74% to $39.97 after the company reported an 8.6% gain in its February sales.

Tesaro, Inc.(NASDAQ: TSRO) shares slipped 2.31% to $51.16 after the company priced 3,400,000 shares of common stock at $51.00 per share.

Energy XXI Ltd. (NASDAQ: EXXI) shares declined 2.20% to $4.67 after the company's subsidiary Energy XXI Gulf Coast announced a private $1.25 billion senior note offering.

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

 

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