Market Overview

12 Biggest Mid-Day Losers For Friday

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  • ITT Educational Services, Inc. (NYSE: ESI) shares dipped 61.8 percent to $0.554 amid news that the U.S. Department of Education will have increased oversight for the company.
  • Aceto Corporation (NASDAQ: ACET) fell 20 percent to $20.56 as the company posted weak Q4 results.
  • Nymox Pharmaceutical Corporation (NASDAQ: NYMX) declined 14 percent to $4.19. Nymox Pharmaceutical shares have climbed 133.97 percent over the past 52 weeks, while the S&P 500 index has gained 11.95 percent in the same period.
  • Brocade Communications Systems, Inc. (NASDAQ: BRCD) shares dropped 11.7 percent to $9.23. Brocade reported stronger-than-expected results for its third quarter on Thursday, but issued a light guidance.
  • GameStop Corp. (NYSE: GME) shares declined 9.4 percent to $29.14. GameStop reported in-line earnings for its second quarter, but revenues missed by $90 million. Its comparable same-store sales in the US and internationally were down 12.5 and 5.9 percent, respectively.
  • Splunk Inc (NASDAQ: SPLK) dropped 8.1 percent to $59.80. Splunk reported upbeat earnings for its second quarter and raised FY17 revenue estimates.
  • Talend SA ADR (NASDAQ: TLND) shares dropped 8 percent to $27.76. Talend reported a Q2 loss of $2.02 per share on revenue of $25.4 million, and issued a weak earnings forecast.
  • American Software, Inc. (NASDAQ: AMSWA) shares fell 8 percent to $10.66. American Software reported preliminary Q1 earnings of $0.07 per share on revenue of $27.4 million.
  • Herbalife Ltd. (NYSE: HLF) shares slipped 5.2 percent to $58.74. Carl Icahn considered selling his Herbalife stake to a group including Bill Ackman, the Wall Street Journal reported.
  • Signet Jewelers Ltd. (NYSE: SIG) dropped 5.2 percent to $79.07. Citigroup downgraded Signet from Buy to Neutral and lowered the price target from $125.00 to $83.00, while Goldman Sachs cut the price target on the stock from $119.00 to $102.00.
  • Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) shares declined 4.9 percent to $258.16. Ulta Salon posted stronger-than-expected results for its second quarter. Comparable sales increased 14.4 percent compared to an increase of 10.1 percent in the second quarter of fiscal 2015.
  • Heico Corp (NYSE: HEI) fell 4 percent to $68.82. KeyBanc downgraded Heico from Overweight to Sector Weight.

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

 

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