20 Biggest Mid-Day Losers For Tuesday
- Connecture Inc (NASDAQ: CNXR) shares dipped 30.9 percent to $1.75 after the company reported a wider-than-expected Q2 loss and lowered its FY16 sales outlook.
- Model N Inc (NYSE: MODN) dropped 25.2 percent to $10.30. Model N posted a narrower-than-expected Q2 loss, but issued a weak forecast.
- Impax Laboratories Inc (NASDAQ: IPXL) shares declined 24 percent to $23.30 as the company posted downbeat quarterly results.
- Array Biopharma Inc (NASDAQ: ARRY) shares fell 21.4 percent to $3.50. AstraZeneca reported that its Phase III trial of selumetinib in non-small cell lung cancer did not meet primary endpoint. Array BioPharma was informed of these results on Monday, August 8, 2016.
- TubeMogul Inc (NASDAQ: TUBE) shares dropped 18.6 percent to $10.29 after the company reported a wider-than-expected quarterly loss.
- MaxLinear, Inc. (NYSE: MXL) declined 18.1 percent to $17.94. MaxLinear reported Q2 net income of $22.6 million on revenue of $101.7 million. The company issued a weak revenue forecast for the current quarter.
- Wayfair Inc (NYSE: W) dropped 17.5 percent to $39.79 as the company posted a wider-than-expected Q2 loss.
- Neonode, Inc (NASDAQ: NEON) shares fell 16.8 percent to $1.14. Neonode reported a Q2 loss of $0.03 per share on revenue of $2.57 million.
- Adesto Technologies Corp (NASDAQ: IOTS) declined 16.4 percent to $2.91. Adesto Technologies reported a Q2 adjusted loss of $0.21 per share on revenue of $10.3 million.
- Textainer Group Holdings Limited (NYSE: TGH) shares dropped 15.8 percent to $9.58. Textainer Group reported a Q2 loss of $1.5 million on revenue of $127.4 million.
- Manitowoc Company Inc (NYSE: MTW) shares declined 13.1 percent to $5.03 after the company posted downbeat quarterly revenue.
- Navigator Holdings Ltd (NYSE: NVGS) shares declined 11 percent to $8.53 as the company announced downbeat Q2 earnings.
- IAMGOLD Corp (USA) (NYSE: IAG) shares dropped 10.5 percent to $5.09 as the company reported a bought deal financing of up to $230 million.
- VTTI Energy Partners LP (NYSE: VTTI) dropped 9.6 percent to $18.72. VTTI Energy priced a 5.25 million share offering at $19.30 per share. VTTI Energy reported a Q2 a loss of $3.4 million.
- Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) fell 9.1 percent to $39.06. Norwegian Cruise Line posted downbeat quarterly revenue and issued a weak earnings forecast.
- Fox Factory Holding Corp (NASDAQ: FOXF) fell 6.4 percent to $18.85. Fox Factory reported a secondary public offering of 3.5 million shares.
- ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) shares declined 6 percent to $33.13. ACADIA Pharmaceuticals reported a proposed public offering of common stock of $200 million.
- Gap Inc (NYSE: GPS) shares fell 5.8 percent to $24.13. Gap reported a 4 percent drop in its July same-store sales. The company projects Q2 adjusted earnings of $0.58 to $0.59 per share.
- B&G Foods, Inc. (NYSE: BGS) declined 4.2 percent to $48.94. B&G Foods announced a public offering of 3.75 million shares of common stock.
- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) shares dropped 3.5 percent to $95.57. BioMarin reported a public offering of 7.5 million shares of common stock.
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