Market Overview

12 Biggest Mid-Day Losers For Wednesday

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  • Great Basin Scientific Inc (NASDAQ: GBSN) shares dipped 35.5 percent to $0.477. Great Basin Scientific shares have dipped 99.99 percent over the past 52 weeks, while the S&P 500 index has gained 8.23 percent in the same period.
  • Kelly Services, Inc. (NASDAQ: KELYB) shares fell 29 percent to $19.74. Kelly Services shares have jumped 102.92 percent over the past 52 weeks, while the S&P 500 index has increased 8.23 percent in the same period.
  • Immunomedics, Inc. (NASDAQ: IMMU) shares tumbled 25.9 percent to $2.43 after the company reported a $30 million financing at $3 per unit.
  • AZZ Inc (NYSE: AZZ) shares fell 12.6 percent to $56.91. AZZ reported Q2 earnings of $0.38 per share on revenue of $195 million. The company projects FY17 earnings of $3.15 to $3.45 per share, on sales of $930 million to $970 million.
  • Universal Logistics Holdings Inc (NASDAQ: ULH) declined 10 percent to $11.90. Universal Logistics Holdings expects Q3 earnings of $0.16 to $0.20 per share, on revenue of $260 million to $270 million. The company is expected to release its third quarter financial results after the market closes on October 27, 2016.
  • Tenax Therapeutics Inc (NASDAQ: TENX) shares fell 9.6 percent to $2.16 after the company issued a clinical update for levosimendan.
  • Cytosorbents Corp (NASDAQ: CTSO) shares declined 8.7 percent to $6.11 after the company reported top-line safety data from its REFRESH I cardiac surgery trial.
  • salesforce.com, inc. (NYSE: CRM) shares dropped 7.6 percent to $67.13. The Wall Street Journal reported Tuesday evening that Twitter Inc (NYSE: TWTR) is expected to receive a buyout offer from salesforce.com.
  • A10 Networks Inc (NYSE: ATEN) fell 6.7 percent to $9.93. DA Davidson downgraded A10 Networks from Buy to Neutral.
  • Galectin Therapeutics Inc (NASDAQ: GALT) shares fell 5 percent to $1.05. Galectin Therapeutics shares have dropped 52.77 percent over the past 52 weeks, while the S&P 500 index has increased 8.23 percent in the same period.
  • Gigamon Inc (NYSE: GIMO) shares slipped 4.9 percent to $52.41. Raymond James downgraded Gigamon from Outperform to Market Perform.
  • Extra Space Storage, Inc. (NYSE: EXR) shares dropped 3.4 percent to $74.12. Extra Space Storage is expected to release Q3 financial results on October 26, 2016.
 

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