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Morning Market Losers

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Star Bulk Carriers Corp. (NASDAQ: SBLK) tumbled 20.90 percent to $0.965. Star Bulk Carriers reported a Q3 adjusted loss of $0.11 per share on revenue of $68.81 million. Deutsche Bank downgraded Star Bulk Carriers from Buy to Hold and lowered the price target from $3.00 to $1.00.

Emerson Radio Corp (NYSE: MSN) shares dipped 8.70 percent to $1.05. Emerson Radio reported Q2 net product sales of $7.8 million and loss of $0.03 per share.

GoPro Inc (NASDAQ: GPRO) shares fell 7.67 percent to $19.27. Piper Jaffray lowered price target on GoPro from $20 to $15.

Citrix Systems, Inc. (NASDAQ: CTXS) shares slipped 6.45 percent to $73.36 after the company announced its plans to spin off its GoTo Family of Products and cut around 1,000 jobs.

QUALCOMM, Inc. (NASDAQ: QCOM) shares declined 6.21 percent to $49.69 after the company confirmed the receipt of Korea Fair Trade Commission Case Examiner's Report. The company said the allegations and conclusions contained in the report are not supported by facts.

Diana Shipping Inc. (NYSE: DSX) shares fell 5.73 percent to $4.94. Deutsche Bank downgraded Diana Shipping from Buy to Hold and lowered the price target from $10.50 to $4.

Syngenta AG (ADR) (NYSE: SYT) shares slipped 3.29 percent to $76.46. Shares of Syngenta surged over 9 percent Tuesday, on report from Bloomberg that Monsanto Company (NYSE: MON) is considering a new approach for Syngenta, as well as crop-chemical assets from other companies, according to COO Brett Begemann.

Staples, Inc. (NASDAQ: SPLS) shares dropped 2.89 percent to $12.09 after the company reported downbeat revenue for the third quarter on Wednesday.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

 

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