Market Overview

20 Biggest Mid-Day Losers For Wednesday

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  • AgroFresh Solutions Inc (NASDAQ: AGFS) shares declined 39.7 percent to $2.83. AgroFresh posted Q3 earnings of $0.15 per share on revenue of $61.2 million.
  • Community Health Systems (NYSE: CYH) shares fell 27.6 percent to $4.30. Community Health shares have dropped 76.39 percent over the past 52 weeks, while the S&P 500 index has gained 2.93 percent in the same period.
  • Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) dropped 27.2 percent to $4.45 as the company disclosed that it has been notified verbally by the FDA of its decision to place clinical hold on Heparc-2004.
  • Tenet Healthcare Corp (NYSE: THC) dropped 25.4 percent to $15.12. Bank of America downgraded Tenet Healthcare from Buy to Neutral and lowered the price target from $32.00 to $25.00.
  • Primero Mining Corp (NYSE: PPP) shares fell 24.3 percent to $0.991. Primero posted a Q3 loss of $0.06 per share on revenue of $57 million.
  • Impax Laboratories Inc (NASDAQ: IPXL) declined 20.8 percent to $13.95 after the company posted downbeat Q3 results and lowered its FY 2016 guidance.
  • Revolution Lighting Technologies Inc (NASDAQ: RVLT) dropped 19.6 percent to $5.59. Revolution Lighting posted upbeat Q3 earnings, but revenue missed estimates.
  • Tripadvisor Inc (NASDAQ: TRIP) shares declined 16.7 percent to $52.60 after the company reported weaker-than-expected revenue for its third quarter on Tuesday.
  • MAXIMUS, Inc. (NYSE: MMS) shares fell 15.5 percent to $46.03. Raymond James downgraded Maximus from Outperform to Market Perform.
  • SunPower Corporation (NASDAQ: SPWR) shares slipped 15 percent to $6.24. SunPower is expected to release quarterly earnings after the closing bell. Bank of America downgraded SunPower from Buy to Neutral and lowered the price target from $20.00 to $10.00.
  • HCA Holdings Inc (NYSE: HCA) declined 14.5 percent to $69.12. Mizuho downgraded HCA from Buy to Neutral.
  • Kansas City Southern (NYSE: KSU) dropped 13.5 percent to $80.09. Aegis Capital downgraded Kansas City Southern from Buy to Hold.
  • LifePoint Health Inc (NASDAQ: LPNT) shares fell 12.5 percent to $37.41. Bank of America downgraded LifePoint Health from Neutral to Underperform and lowered the price target from $66.00 to $59.00.
  • Coty Inc (NYSE: COTY) shares dropped 10.7 percent to $19.55 after the company delivered downbeat quarterly earnings.
  • Universal Health Services, Inc. (NYSE: UHS) shares fell 8.9 percent to $116.65. Bank of America downgraded Universal Health from Buy to Neutral and lowered the price target from $150.00 to $135.00.
  • Vivint Solar Inc (NYSE: VSLR) shares dropped 8.6 percent to $2.92. Vivint Solar reported a Q3 loss of $0.36 per share on revenue of $41.3 million.
  • Constellation Brands, Inc. (NYSE: STZ) slipped 8 percent to $153.16. Bank of America downgraded Constellation Brands from Neutral to Underperform.
  • Globus Medical Inc (NYSE: GMED) shares fell 7.3 percent to $20.70 as the company posted downbeat quarterly revenue and issued a weak FY16 forecast. JMP Securities downgraded Globus Medical from Market Outperform to Market Perform.
  • Magna International Inc. (USA) (NYSE: MGA) shares declined 6.1 percent to $37.41. Bank of America downgraded Magna from Buy to Underperform and lowered the price target from $54.00 to $36.00.
  • GoPro Inc (NASDAQ: GPRO) fell 5.7 percent to $10.24 after the company announced a recall of 2,500 units of brand new drone product called Karma. Wedbush downgraded GoPro from Outperform to Neutral and lowered the price target from $12.00 to $9.00.

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

 

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