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Morning Market Losers

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Macrocure Ltd (NASDAQ: MCUR) shares tumbled 60.70 percent to $1.67 after the company reported results from a pivotal Phase 3 study of CureXcell in diabetic foot ulcers and issued a corporate update.

GenMark Diagnostics, Inc (NASDAQ: GNMK) shares dropped 31.37 percent to $4.66. GenMark Diagnostics reported a Q3 loss of $0.27 per share on revenue of $8.47 million.

Akamai Technologies, Inc. (NASDAQ: AKAM) shares dipped 19.76 percent to $60.62. Akamai Technologies reported upbeat Q3 earnings, but the company issued a weak forecast for the current quarter. JP Morgan downgraded Akamai Technologies from Overweight to Neutral and lowered the price target from $75.00 to $65.00.

Saia Inc (NASDAQ: SAIA) shares fell 18.53 percent to $24.45 on weak Q3 results.

Intercept Pharmaceuticals Inc (NASDAQ: ICPT) declined 12.48 percent to $146.72 after the company reported results of Phase 2 Trial of OCA in NASH patients in Japan.

Big 5 Sporting Goods Corporation (NASDAQ: BGFV) slipped 12.31 percent to $9.36 after the company reported weaker-than-expected Q3 results.

Synchronoss Technologies, Inc. (NASDAQ: SNCR) fell 9.92 percent to $32.83. Synchronoss Technologies reported Q3 adjusted earnings of $0.58 per share on revenue of $151.3 million.

Twitter Inc (NYSE: TWTR) dropped 9.83 percent to $28.26. Twitter reported better-than-expected earnings for the third quarter, but the company issued a weak revenue forecast.

Walgreens Boots Alliance Inc (NASDAQ: WBA) shares declined 7.03 percent to $88.47. Walgreens Boots Alliance reported better-than-expected earnings for its fiscal fourth quarter and announced plans to buy Rite Aid Corp. (NYSE: RAD) for a total enterprise value of around $17.2 billion.

Cummins Inc. (NYSE: CMI) shares fell 1.99 percent to $100.31. Baird downgraded Cummins from Outperform to Neutral and lowered the price target from $162.00 to $118.00.

 

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