Market Overview

10 Biggest Mid-Day Losers For Friday



  • CytRx Corporation (NASDAQ: CYTR) shares dropped 33.2 percent to $0.601. CytRx reported that it has priced its 28.6 million share offering at $0.70 per share.
  • Fairmount Santrol Holdings Inc (NYSE: FMSA) shares fell 21.5 percent to $6.37 after the company reported weak preliminary results for the second quarter.
  • Great Basin Scientific Inc (NASDAQ: GBSN) shares dropped 17.3 percent to $1.20. Great Basin reported preliminary Q2 revenue of $728,957. As of June 30, 2016, Great Basin’s installed customer base is 260.
  • Stone Energy Corporation (NYSE: SGY) fell 14.1 percent to $19.76. Stone Energy shares have dropped 78.28 percent over the past 52 weeks, while the S&P 500 index has gained 2.67 percent in the same period.
  • ZIOPHARM Oncology Inc. (NASDAQ: ZIOP) shares declined 13.3 percent to $4.91 after The Street's Adam Feuerstein tweeted that a brain cancer patient had died after receiving an injection of the company's gene therapy drug.
  • Infosys Ltd ADR (NYSE: INFY) shares slipped 9 percent to $16.76 after the company posted weak quarterly results.
  • Trina Solar Limited (ADR) (NYSE: TSL) shares declined 4.3 percent to $8.34. Cowen & Company downgraded Trina Solar from Outperform to Market Perform.
  • RR Donnelley & Sons Co (NASDAQ: RRD) shares dropped 3.5 percent to $18.00. Xerox Corp (NYSE: XRX) is said to reject proposed merger with RR Donnelly, the Wall Street Journal reported.
  • Chipotle Mexican Grill, Inc. (NYSE: CMG) shares fell 3.2 percent to $404.91. Morgan Stanley downgraded Chipotle from Overweight to Equal-weight.
  • Wells Fargo & Co (NYSE: WFC) dropped 3 percent to $47.50 following Q2 results. Wells Fargo reported Q2 earnings of $1.01 per share on revenue of $22.16 billion.

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