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Morning Market Losers

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Zafgen Inc (NASDAQ: ZFGN) shares dipped 61.27 percent to $6.17 after the company reported a patient death in clinical update on Beloranib.

OncoGenex Pharmaceuticals Inc (NASDAQ: OGXI) shares tumbled 35.87 percent to $1.68 after the company reported that its Phase 3 AFFINITY trial with custirsen is continuing following interim analysis. Stifel Nicolaus downgraded OncoGenex Pharmaceuticals from Buy to Hold.

Universal Technical Institute, Inc. (NYSE: UTI) dropped 31.38 percent to $3.98. Universal Technical Institute reported a Q4 loss of $0.41 per share on revenue of $90.7 million.

Acorn International, Inc. (ADR) (NYSE: ATV) shares declined 22.94 percent to $14.80.

Ooma Inc (NYSE: OOMA) shares slipped 13.63 percent to $6.78. Ooma reported a Q3 loss of $0.12 per share on revenue of $23.5 million. The company expected FY 2016 loss of $0.85 to $0.88 per share, on revenue of $89 million to $89.5 million.

Isle of Capri Casinos (NASDAQ: ISLE) shares fell 12.39 percent to $16.62. Isle of Capri Casinos reported Q2 adjusted earnings of $0.19 per share on revenue of $236.3 million.

Breitburn Energy Partners LP (NASDAQ: BBEP) dipped 9.75 percent to $1.43. On Monday, Breitburn Energy Partners reported the suspension of distribution for common units.

TerraForm Power Inc (NASDAQ: TERP) shares fell 5.30 percent to $8.66 after jumping 32.61 percent on Tuesday.

Columbia Pipeline Group Inc (NYSE: CPGX) shares slipped 4.20 percent to $18.23 as the company reported an offering for 51 million shares of common stock.

 

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