Market Overview

Morning Market Losers

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Cherokee Inc (NASDAQ: CHKE) shares tumbled 31.44 percent to $16.53 after the company reported weaker-than-expected results for its fiscal second quarter.

Energy Focus Inc (NASDAQ: EFOI) shares dipped 25.24 percent to $17.19 after the company announced the pricing of 1.5 million shares of common stock at $17 per share.

Zumiez Inc. (NASDAQ: ZUMZ) shares dropped 21.08 percent to $17.09 after the company issued a weak outlook for the current quarter. Zumiez reported Q2 earnings of $0.12 per share on revenue of $179.82 million, in line with the Street's consensus.

Marvell Technology Group Ltd. (NASDAQ: MRVL) dropped 18.48 percent to $8.60 following announcement of filing for non-timely 10-Q and weak preliminary numbers.

Mattress Firm Holding Corp (NASDAQ: MFRM) shares slipped 17 percent to $50.08 after the company reported downbeat Q2 earnings and lowered its FY16 earnings forecast.

Finisar Corporation (NASDAQ: FNSR) shares dipped 16.36 percent to $12.47 after the company reported downbeat earnings for its fiscal first quarter and issued a weak forecast. The company also announced the resignation of its CEO Eitan Gertel.

Brady Corp (NYSE: BRC) fell 6.88 percent to $20.04 after the company reported downbeat Q4 results and issued a weak forecast for the full year. Brady raised its share buyback program to 2 million shares.

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