12 Biggest Mid-Day Losers For Friday
- StemCells Inc (NASDAQ: STEM) shares tumbled 18 percent to $1.36. StemCells shares have declined 67.83 percent over the past 52 weeks, while the S&P 500 index has gained 5.16 percent in the same period.
- China Finance Online Co. (ADR) (NASDAQ: JRJC) dropped 16 percent to $4.36. China Finance Online reported Q2 earnings of $0.50 per share on revenue of $11 million.
- Olympic Steel, Inc. (NASDAQ: ZEUS) dropped 14.8 percent to $21.84. KeyBanc downgraded Olympic Steel from Sector Weight to Underweight.
- Pure Storage Inc (NYSE: PSTG) shares fell 14.8 percent to $11.43. OTR Global downgraded Pure Storage from Positive to Negative.
- AK Steel Holding Corporation (NYSE: AKS) declined 7.5 percent to $4.78. KeyBanc downgraded AK Steel from Sector Weight to Underweight.
- United States Steel Corporation (NYSE: X) slipped 5.3 percent to $20.67. KeyBanc downgraded United States Steel from Sector Weight to Underweight.
- Sanchez Energy Corp (NYSE: SN) shares fell 4.8 percent to $8.73. KLR Group downgraded Sanchez Energy from Buy to Accumulate.
- Stein Mart, Inc. (NASDAQ: SMRT) dropped 4.6 percent to $8.58 as the company reported weak results for the second quarter.
- Emerson Electric Co. (NYSE: EMR) shares declined 3.5 percent to $52.76 as the company announced a deal to buy Pentair plc (NYSE: PNR)'s valves & controls unit for $3.15 billion. Credit Suisse downgraded Emerson Electric from Outperform to Neutral.
- Estee Lauder Companies Inc (NYSE: EL) slipped 3 percent to $92.42. Estee Lauder posted better-than-expected Q4 earnings, but issued a weak earnings forecast for the year.
- Canadian Solar Inc. (NASDAQ: CSIQ) shares declined 3 percent to $13.93 after surging 17.53 percent on Thursday. Cowen & Company downgraded Canadian Solar from Outperform to Market Perform.
- Gordmans Stores, Inc. (NASDAQ: GMAN) shares declined 3 percent to $1.34 after the company posted downbeat Q2 results and issued a weak forecast for the current quarter.
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