Morning Market Losers

Noranda Aluminum Holding Corporation NOR shares dipped 24.67 percent to $2.26 after the company announced a secondary offering of 22.8 million shares by Apollo Global Management, which will sell its entire 33 percent stake. NewLink Genetics Corp NLNK shares declined 19.35 percent to $42.05. NewLink said it won't modify a Phase III study of its algenpantucel-L for patients with surgically resected pancreatic cancer following its second interim data analysis. Rackspace Hosting, Inc. RAX shares dropped 15.32 percent to $44.99. Rackspace reported downbeat revenue for the first quarter. For the second quarter, the company projected revenue growth on a constant currency basis of 1.5 percent to 2.5 percent. Athersys, Inc. ATHX shares fell 13.66 percent to $1.20. Athersys reported a Q1 loss of $0.16 per share. LivePerson, Inc. LPSN shares slipped 13.53 percent to $8.18. LivePerson reported downbeat Q1 sales and lowered its FY15 guidance. Credit Suisse downgraded LivePerson from Outperform to Neutral. Astronics Corporation ATRO shares declined 9.99 percent to $64.69. Astronics reported Q1 earnings of $0.47 per share on revenue of $161.6 million. Depomed Inc DEPO shares dropped 9.93 percent to $21.99. Depomed's Q1 net loss widened to $0.13 cents a share, from $0.01 cent a year earlier. Numerex Corp. NMRX shares dropped 9.25 percent to $9.32. Numerex reported a Q1 loss of $0.03 per share on revenue of $21.7 million. YY Inc (ADR) YY fell 7.39 percent to $63.87 after the company reported Q1 non-GAAP net income of RMB258.8 million on revenue of RMB1,150.3 million.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMovers & ShakersIntraday UpdateMarketsmarket losersTop Losers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!