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Morning Market Losers

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Resonant Inc. (NASDAQ: RESN) shares dropped 32.48% to $4.99 after the company reported that the development agreement with its first customer has been terminated.

Magnum Hunter Resources Corp. (NYSE: MHR) declined 8.57% to $2.56. Wunderlich downgraded Magnum Hunter Resources from Buy to Hold.

Digital Ally Inc. (NASDAQ: DGLY) shares dipped 7.78% to $12.62 following the announcement of sponsorship of golf tournament on Friday.

O2Micro International Ltd. (NASDAQ: OIIM) shares fell 7.27% to $2.55. O2Micro is expected to report its Q1 results on Wednesday, April 29, 2015.

Hudson City Bancorp, Inc. (NASDAQ: HCBK) shares declined 6.32% to $9.83. Hudson City Bancorp reported that it has been advised of further regulatory delay on M&T Bank merger.

Herbalife Ltd. (NYSE: HLF) shares slipped 3.36% to $41.47 following a CNBC report that the top company members were contacted by federal authorities.

Garmin Ltd. (NASDAQ: GRMN) shares declined 2.57% to $45.29. Citigroup downgraded Garmin from Buy to Sell.

Gannett Co., Inc. (NYSE: GCI) shares tumbled 1.39% to $36.87. FBR Capital downgraded Gannett from Outperform to Market Perform.

QUALCOMM Incorporated (NASDAQ: QCOM) shares dropped 1.28% to $67.10. FBR Capital downgraded Qualcomm from Outperform to Market Perform.

 

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