Market Overview

18 Biggest Mid-Day Losers For Thursday

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  • Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) shares dropped 23.1 percent to $2.47 after the company reported results from the second FIT Phase 3 study for fostamatinib. The company disclosed that the study did not meet primary endpoint.
  • Yulong Eco-Materials Ltd (NASDAQ: YECO) shares declined 20.6 percent to $1.74 after the company disclosed that it has received a notice from the NASDAQ of listing noncompliance.
  • DXP Enterprises Inc (NASDAQ: DXPE) fell 17.9 percent to $23.83. DXP Enterprises reported preliminary revenue of $228 million to $231 million for the third quarter.
  • Syntel, Inc. (NASDAQ: SYNT) shares dipped 16.3 percent to $22.13. Syntel reported Q3 GAAP loss of $2.58 per share on revenue of $241 million. Syntel projects FY16 loss of $0.75 to $0.65 per share, on revenue of $960 million to $970 million.
  • Organovo Holdings Inc (NASDAQ: ONVO) shares dropped 16.1 percent to $2.93 after the company reported an offering of common stock.
  • Insteel Industries Inc (NASDAQ: IIIN) tumbled 14.6 percent to $27.80 following Q4 results. Insteel Industries posted Q4 earnings of $0.51 per share on revenue of $103.1 million.
  • Flexsteel Industries, Inc. (NASDAQ: FLXS) fell 14.3 percent to $43.24. Flexsteel Industries reported FQ1 profit of $4.8 million on revenue of $112.1 million.
  • Select Comfort Corp. (NASDAQ: SCSS) shares declined 12.1 percent to $18.96 after the company reported weaker-than-expected Q3 results and lowered its FY16 earnings outlook.
  • eBay Inc (NASDAQ: EBAY) declined 11.2 percent to $28.88. eBay reported upbeat results for its third quarter. However, guidance for the fourth quarter disappointed investors.
  • RLI Corp. (NYSE: RLI) dropped 10.2 percent to $61.08 after the company posted downbeat quarterly earnings.
  • Trueblue Inc (NYSE: TBI) shares fell 7 percent to $18.60 after the company reported weak Q3 earnings.
  • Consolidated Communications Holdings Inc (NASDAQ: CNSL) dropped 7 percent to $23.32. Stephens & Co. downgraded Consolidated Communications from Equal-Weight to Underweight.
  • BJ's Restaurants, Inc. (NASDAQ: BJRI) shares fell 6.4 percent to $33.41 after the company reported downbeat results for the third quarter.
  • Union Pacific Corporation (NYSE: UNP) dropped 5.5 percent to $91.79 on weaker-than-expected quarterly earnings.
  • Tractor Supply Company (NASDAQ: TSCO) shares declined 5.2 percent to $63.88. Tractor Supply posted better-than-expected Q3 earnings.
  • Dynegy Inc. (NYSE: DYN) dropped 4.3 percent to $12.79. RBC Capital downgraded Dynegy from Outperform to Sector Perform.
  • Verizon Communications Inc. (NYSE: VZ) shares fell 2.6 percent to $49.09 following mixed results in the third quarter. While adjusted earnings came in above estimates, revenue missed.
  • Tesla Motors Inc (NASDAQ: TSLA) fell 2.3 percent to $198.94. Tesla announced that all cars, including the lower priced Model 3 sedan, will feature the necessary hardware for self-driving capabilities.

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

 

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