Market Overview

Morning Market Losers

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Hercules Offshore, Inc. (NASDAQ: HERO) tumbled 62.65 percent to $0.249 following Wednesday's announcement of restructuring with debt holders.

Organovo Holdings Inc (NYSE: ONVO) slipped 13.65 percent to $4.49 after the company priced a $40 million public offering of common stock.

Noranda Aluminum Holding Corp. (NYSE: NOR) shares declined 11.38 percent to $1.09 after the company announced its plans to evaluate strategic alternatives.

Oracle Corporation (NYSE: ORCL) shares dropped 7.89 percent to $41.37 after the company reported weaker-than-expected results for its fiscal fourth quarter.

Supercom Ltd (NASDAQ: SPCB) shares dipped 7.82 percent to $12.50 after the company priced 2.1 million shares at $12 per share.

Jabil Circuit, Inc. (NYSE: JBL) shares fell 7.11 percent to $22.60 after the company reported downbeat revenue for its fiscal third quarter and issued a weak revenue guidance for the current quarter.

Famous Dave's of America, Inc. (NASDAQ: DAVE) shares dropped 6.34 percent to $19.50 after the company reported that its CEO Ed Rensi is stepping down, effective immediately.

Rite Aid Corporation (NYSE: RAD) shares slipped 5.72 percent to $8.41 after the company reported results for its fiscal first quarter and lowered its profit forecast for the full year.

Southwest Airlines Co (NYSE: LUV) shares dropped 1.27 percent to $33.41. Barclays downgraded Southwest to Underweight.

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

 

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