Market Overview

10 Biggest Mid-Day Losers For Wednesday

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  • Emergent Biosolutions Inc (NYSE: EBS) shares dropped 21.54 percent to $30.85 after the company reported that the U.S. Department of Health and Human Services issued two solicitation notices with respect to the development and procurement of anthrax vaccines for the Strategic National Stockpile.
  • Covenant Transportation Group, Inc. (NASDAQ: CVTI) shares tumbled 15.16 percent to $18.64 after the company lowered its Q2 earnings outlook.
  • Ascent Capital Group Inc (NASDAQ: ASCMA) dropped 9.41 percent to $16.27. Imperial Capital downgraded Ascent Capital to In Line from Outperform.
  • Inovio Pharmaceuticals Inc (NASDAQ: INO) declined 8.79 percent to $10.27 after gaining 0.54 percent on Tuesday.
  • Tesla Motors Inc (NASDAQ: TSLA) shares dropped 8.72 percent to $200.45 after the company proposed a deal to acquire SolarCity Corp (NASDAQ: SCTY).
  • Universal American Corporation (NYSE: UAM) shares fell 6 percent to $7.85. Universal American reported a $40 million buyback program and priced $100 million offering of Convertible Senior Notes due 2021.
  • QEP Resources Inc (NYSE: QEP) shares dropped 5.49 percent to $18.26. QEP Resources priced its 20 million share offering for total gross proceeds of $422.1 million.
  • HP Inc (NYSE: HPQ) shares dropped 4.72 percent to $12.70. HP raised its earnings outlook for the third quarter. The company projects adjusted earnings of $0.43 to $0.46 per share for the quarter.
  • Adobe Systems Incorporated (NASDAQ: ADBE) shares slipped 4.54 percent to $18.26. Adobe reported better-than-expected earnings for the second quarter, but issued a disappointing revenue forecast.
  • InterDigital, Inc. (NASDAQ: IDCC) fell 4.1 percent to $55.42 after the company issued a weak Q2 sales forecast.

Posted-In: Mid-Day LosersNews Movers & Shakers Intraday Update Markets

 

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