12 Biggest Mid-Day Losers For Wednesday

by Lisa Levin, Benzinga Editor
November 16, 2016 12:48 PM | 2 min read |

 

  • Endologix, Inc. ELGX shares dropped 24 percent to $7.47 as the company issued an update on Nellix PMA process. Endologix disclosed that the FDA has requested the company to provide a two-year patient follow-up data from the EVAS-FORWARD IDE study of Nellix System.
  • Akers Biosciences Inc AKER shares fell 19 percent to $2.35. Akers Biosciences shares have surged 55.44 percent over the past 52 weeks, while the S&P 500 index has gained 6.20 percent in the same period.
  • PDL BioPharma Inc PDLI dropped 18.6 percent to $3.03 after the company reported a proposed $150 million public offering of new convertible senior notes due 2021.
  • Eltek Ltd. ELTK shares declined 12.4 percent to $0.937. Eltek posted a Q3 net loss of $0.04 per share, versus a year-ago net profit of $0.06 per share.
  • InVitae Corp NVTA shares fell 10.4 percent to $7.64 after the company reported an offering of $40 million common stock.
  • Lantheus Holdings Inc LNTH shares dropped 9.5 percent to $9.27. Lantheus announced an offering 3 million shares of common stock.
  • Flexion Therapeutics Inc FLXN shares fell 9.4 percent to $18.38. Flexion Therapeutics reported a proposed public offering of common stock.
  • Haynes International, Inc. HAYN shares declined 9.2 percent to $39.16. Haynes is expected to announce Q4 results on November 17, 2016. JP Morgan downgraded Haynes International from Overweight to Neutral.
  • Top Image Systems Ltd. TISA dropped 9.1 percent to $1.55. On November 15, Top Image Systems reported Q3 earnings of $0.02 per share on revenue of $7.7 million.
  • ViaSat, Inc. VSAT declined 8.8 percent to $73.65. ViaSat reported an offering of 6.5 million shares of common stock.
  • Lowe's Companies, Inc. LOW shares fell 3.4 percent to $66.73 as the company reported downbeat results for its third quarter on Wednesday.
  • Zions Bancorp ZION dropped 3.4 percent to $37.46. Bernstein downgraded Zions Bancorp from Outperform to Market Perform, while Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
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