Market Overview

Morning Market Losers


Abengoa SA (ADR) (NASDAQ: ABGB) shares dipped 46.67 percent to $2.48. Following the failure of its efforts to raise capital, the company announced that it would seek protection from creditors.

QAD Inc. (NASDAQ: QADA) shares declined 13.85 percent to $22.40 after the company reported weak Q3 sales and lowered its FY16 forecast.

HP Inc (NYSE: HPQ) shares slipped 12.91 percent to $12.75 after the company reported results for its fiscal fourth quarter and issued a weak profit forecast.

PTC Therapeutics, Inc. (NASDAQ: PTCT) shares dropped 9.78 percent to $28.64. Jefferies downgraded PTC Therapeutics from Hold to Underperform and lowered the price target from $26.00 to $18.00.

Sunedison Inc (NYSE: SUNE) shares fell 9.47 percent to $3.73. Analysts at UBS downgraded Sunedison from Neutral to Sell.

Voltari Corp (NASDAQ: VLTC) shares dropped 9.45 percent to $7.76 after surging 144.86 percent on Tuesday.

TerraForm Power Inc (NASDAQ: TERP) shares declined 8.27 percent to $8.10. UBS downgraded TerraForm Power from Neutral to Sell.

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