Market Overview

10 Biggest Mid-Day Losers For Friday

Related PAY
Modo Creates A Payments Data Highway Between The World's Largest Financial Institutions
30 Biggest Movers From Yesterday
PAX Global May Be Pounded Down Into Bargain Territory (Seeking Alpha)
Related CCXI
36 Biggest Movers From Yesterday
Mid-Afternoon Market Update: Dow Rises Over 150 Points; L Brands Shares Plunge


  • VeriFone Systems Inc (NYSE: PAY) shares dropped 19.5 percent to $16.18. VeriFone reported upbeat earnings for its third quarter, but sales missed expectations. The company also lowered its guidance for 2016.
  • ChemoCentryx Inc (NASDAQ: CCXI) shares dipped 14.6 percent to $4.52 as the company reported initial results from ongoing Phase Ib clinical trial of CCX872 in patients with advanced pancreatic cancer.
  • Lululemon Athletica inc. (NASDAQ: LULU) shares fell 9.4 percent to $69.45. Lululemon reported in-line earnings for the second quarter, but revenue missed analysts’ estimates. The company also issued a weak earnings forecast for the current quarter.
  • Ambarella Inc (NASDAQ: AMBA) shares declined 6.5 percent to $67.11. Ambarella posted stronger-than-expected results for the second quarter on Thursday. However, the company issued disappointing gross profit margin guidance for the ongoing quarter.
  • Smith & Wesson Holding Corp (NASDAQ: SWHC) shares dropped 6.3 percent to $27.71. Smith & Wesson posted better-than-expected results for the first quarter and issued a strong forecast for the current quarter.
  • Carnival Corp (NYSE: CCL) shares slipped 5.3 percent to $46.13. Morgan Stanley downgraded Carnival from Equal-weight to Underweight and lowered the price target from $54.00 to $48.00.
  • Liberty Tax Inc (NASDAQ: TAX) declined 5 percent to $12.80. Liberty Tax posted a Q1 loss of $0.66 per share on revenue of $7.1 million.
  • STMicroelectronics NV (ADR) (NYSE: STM) shares dropped 3.5 percent to $7.28. Bank of America downgraded STMicroelectronics from Neutral to Underperform.
  • Cash America International, Inc. (NYSE: CSH) fell 3.1 percent to $42.20. First Cash Financial Services Inc (NASDAQ: FCFS) disclosed the completion of the merger between First Cash Financial Services and Cash America.
  • Broadcom Ltd (NASDAQ: AVGO) shares fell 2.2 percent to $173.26. Broadcom reported upbeat earnings for its third quarter on Thursday.

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


Related Articles (AVGO + AMBA)

View Comments and Join the Discussion!