Market Overview

Morning Market Losers

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Quantum Corp (NYSE: QTM) tumbled 24.12 percent to $1.29 after the company announced preliminary FQ1 results.

Rovi Corporation (NASDAQ: ROVI) shares dropped 23.32 percent to $13.45 after the company issued an update on ongoing litigation against Netflix, Inc. (NASDAQ: NFLX). KeyBanc downgraded Rovi from Overweight to Sector Weight.

Alon Blue Square Israel Ltd (NYSE: BSI) shares declined 17.75 percent to $1.39 after the company announced the court approval of creditor arrangement for its Mega Retail subsidiary.

Synthetic Biologics Inc (NYSE: SYN) shares fell 17.02 percent to $3.12 after the company priced its underwritten public offering of 13.3 million shares at $3.00 per share.

Fairchild Semiconductor Intl Inc (NASDAQ: FCS) shares slipped 11.12 percent to $14.94 after the company reported downbeat Q2 results.

Sherwin-Williams Co (NYSE: SHW) declined 9.79 percent to $254.81 after the company reported downbeat Q2 results and issued a weak guidance.

Garmin Ltd. (NASDAQ: GRMN) shares dipped 9.59 percent to $41.95 after the company issued a weak earnings forecast.

Sonoco Products Co (NYSE: SON) dropped 4.48 percent to $41.83 after the company reported weaker-than-expected Q2 earnings and lowered its FY15 earnings forecast.

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