12 Biggest Mid-Day Losers For Wednesday

Galectin Therapeutics Inc GALT shares dropped 43.3 percent to $1.40 after the company disclosed that its its Phase 2a clinical (NASH-FX) trail did not meet either primary or secondary endpoints.
Tempur Sealy International Inc TPX shares declined 24.6 percent to $56.17 after the company lowered its guidance for 2016.
Ferrellgas Partners, L.P. FGP shares tumbled 21.8 percent to $13.00. Ferrellgas Partners reported a Q4 loss of $6.68 per share on revenue of $409.5 million. The company also disclosed that Stephen L. Wambold is stepping down as President and CEO.
Exelixis, Inc. EXEL shares dropped 13.6 percent to $13.38. Exelixis shares have jumped 173.50 percent over the past 52 weeks, while the S&P 500 index has increased 14.78 percent in the same period.
Versartis Inc VSAR declined 8.7 percent to $12.17. Versartis reported an offering of common shares.
Sonic Corporation SONC dropped 7.8 percent to $25.31 after the company reported weak preliminary results for the fourth quarter.
Array Biopharma Inc ARRY fell 5.3 percent to $6.24. Array Biopharma disclosed that it has priced its 18.4 million share offering at $6.25 per share.
Shopify Inc SHOP dropped 4.7 percent to $41.81. Morgan Stanley downgraded Shopify from Overweight to Equal-weight.
Twitter Inc TWTR declined 3.7 percent to $22.84. Mizuho Securities downgraded Twitter from Neutral to Underperform.
Nike Inc NKE dropped 3.3 percent to $53.54. Nike reported better-than-expected results for its first quarter. However, futures orders, up 7 percent on a currency-neutral basis, missed the Street’s expectations for an 8.3 percent growth.
Baidu Inc (ADR) BIDU shares fell 2.3 percent to $186.48. Deutsche Bank downgraded Baidu from Buy to Hold.
AT&T Inc. T slipped 2 percent to $40.64. UBS downgraded AT&T from Buy to Neutral.

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