Morning Market Losers
Axion Power International, Inc. (NASDAQ: AXPW) tumbled 35.13 percent to $1.20. Axion Power 8-K showed that the company failed to reach agreeable terms with LCB Int'l regarding funding and tech licensing.
Nu Skin Enterprises, Inc. (NYSE: NUS) shares dipped 19.03 percent to $37.71 after the company lowered its revenue forecast for the third quarter.
Yum! Brands, Inc. (NYSE: YUM) shares dropped 18.48 percent to $68.00 after the company reported weaker-than-expected earnings for the third quarter.
ContraVir Pharmaceuticals Inc (NASDAQ: CTRV) fell 17.54 percent to $3.29 after the company announced the pricing of underwritten public offering of common stock.
Neonode, Inc (NASDAQ: NEON) slipped 15.59 percent to $2.22. Neonode priced offering of 3.2 million shares at $1.90 per share and announced weak Q3 preliminary revenue.
DBV Technologies SA - ADR (NASDAQ: DBVT) shares slipped 5.64 percent to $34.39 after falling 5.47 percent on Tuesday.
Adobe Systems Incorporated (NASDAQ: ADBE) declined 5.58 percent to $80.40 after the company issued a weak 2016 forecast.
Tesla Motors Inc (NASDAQ: TSLA) shares dropped 2.95 percent to $234.34. Baird downgraded Tesla to Neutral and lowered the price target from $335.00 to $282.00.
Monsanto Company (NYSE: MON) shares fell 2.65 percent to $85.75. Monsanto reported a wider-than-expected quarterly loss and announced plans to lower 2,600 jobs. The company also announced a new $3 billion accelerated buyback program.
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