Market Overview

Morning Market Losers

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Cardiovascular Systems Inc (NASDAQ: CSII) dipped 21.83 percent to $13.00. Cardiovascular Systems reported Q1 preliminary net loss of $0.43 to $0.41 per share and revenue of $43.9 million. Bank of America downgraded Cardiovascular Systems from Neutral to Underperform.

BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) shares declined 17.69 percent to $9.75 after the company reported results of Phase 1 trial of BCX7353.

Ocean Rig UDW Inc (NASDAQ: ORIG) shares slipped 16.18 percent to $2.20 after the company reported an update on its fleet.

Harmonic Inc (NASDAQ: HLIT) shares dropped 11.41 percent to $5.59 after the company lowered its Q3 sales outlook.

Domino's Pizza, Inc. (NYSE: DPZ) shares fell 5.73 percent to $101.84 after the company reported weaker-than-expected results for its fiscal third quarter.

Shake Shack Inc (NYSE: SHAK) shares declined 5.90 percent to $45.60. Shake Shack announced a 26.16 million common share offering via selling holders.

Groupon Inc (NASDAQ: GRPN) shares dipped 3.27 percent to $3.69 after surging 8.83 percent on Wednesday. Analysts at Cowen initiated coverage on Groupon with a Underperform rating.

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