Morning Market Losers
Methode Electronics Inc. (NYSE: MEI) shares dipped 32.80 percent to $28.93 after the company reported results for the fourth quarter and issued a weak FY16 forecast.
World Acceptance Corp. (NASDAQ: WRLD) slipped 15.61 percent to $69.89 FBR Capital downgraded World Acceptance from Outperform to Market Perform.
BioPharmX Corp (NYSE: BPMX) shares dropped 14.15 percent to $2.79 after the company priced an offering of 3,636,364 shares of common stock at $2.75 per share.
Aquinox Pharmaceuticals Inc (NASDAQ: AQXP) shares fell 11.42 percent to $6.98 after the company reported results from LEADERSHIP trial with AQX-1125 in patients with bladder pain syndrome/interstitial cystitis.
Cree, Inc. (NASDAQ: CREE) shares dropped 10.08 percent to $27.48 after the company announced its plans to restructure its LED products unit and also announced a $500 million buyback plan. The company also lowered its revenue outlook for the fourth quarter.
Sunedison Semiconductor Ltd (NASDAQ: SEMI) shares declined 3.65 percent to $18.50 after the company priced its 15.935 million share offering by selling shareholders at $18.25 per share.
Sabra Health Care REIT Inc (NASDAQ: SBRA) shares fell 2.77 percent to $25.58. Sabra Health Care REIT priced its 5.9 million share offering at $25.25 per share.
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