20 Biggest Mid-Day Losers For Thursday - Crown Crafts (NASDAQ:CRWS), Cisco Systems (NASDAQ:CSCO)

DryShips Inc. DRYS shares dipped 67.7 percent to $23.56. DryShips announced a registered direct offering to raise roughly $20 million. The company says the cash will be used to pay down some of its massive debt load. In addition to the $20 million, the company says it may receive up to an additional $80 million if all preferred warrants associated with the offering are exercised.
Globus Maritime Ltd GLBS shares tumbled 43.8 percent to $8.00 after jumping 188.06 percent on Wednesday.
Diana Containerships Inc DCIX shares dropped 39 percent to $7.90 after gaining 109.45 percent on Wednesday.
Euroseas Ltd. ESEA shares fell 36.9 percent to $3.06 after gaining 11.24 percent on Wednesday.
Seanergy Maritime Holdings Corp. SHIP dropped 34.7 percent to $4.70.
Lucas Energy, Inc. LEI shares fell 23.7 percent to $1.45 after announcing an offering of up to 6 million shares by selling shareholder.
Eagle Bulk Shipping Inc EGLE shares declined 22.6 percent to $7.11.
Stein Mart, Inc. SMRT dropped 20 percent to $5.45 after the company reported weak results for its third quarter.
Genco Shipping & Trading Limited GNK shares declined 19.5 percent to $9.30.
TOP SHIPS Inc TOPS shares fell 19.7 percent to $4.89 after jumping 12.99 percent on Wednesday.
Sanchez Production Partners LP SPP declined 17.6 percent to $10.90. Sanchez Production Partners priced its 6.55M share offering at $11 per share.
Stage Stores Inc SSI shares dropped 16.2 percent to $4.86 as the company reported a wider-than-expected Q3 loss and issued a weak earnings forecast for the current quarter.
Crown Crafts, Inc. CRWS shares fell 7.2 percent to $8.75. Wunderlich downgraded Crown Crafts from Buy to Hold.
Performance Food Group Co PFGC dropped 5.2 percent to $22.80. Performance Food Group priced secondary offering of 10 million shares at $22.85 per share.
First Solar, Inc. FSLR shares fell 5.1 percent to $31.15 after the company announced plans to cut 27 percent of its global workforce and issued a weak sales forecast for 2017. However, the company raised its adjusted profit guidance for 2016.
Cisco Systems, Inc. CSCO shares declined 5.1 percent to $29.97. Cisco reported upbeat earnings for its fiscal first quarter, but issued a weak outlook for the current quarter.
Ellie Mae Inc ELLI shares dropped 4.6 percent to $82.51. RBC Capital downgraded Ellie Mae from Outperform to Sector Perform.
Wal-Mart Stores, Inc. WMT fell 3.9 percent to $68.61 after the company reported third quarter results. Wal-Mart said it earned $0.98 per share in the quarter on revenue of $117.2 billion. Analysts were expecting the company to earn $0.96 per share on revenue of $118.7 billion.
SunPower Corporation SPWR shares fell 3.5 percent to $6.91 following guidance from First Solar. Baird downgraded SunPower from Outperform to Neutral and lowered the price target from $12.00 to $7.00.
Planet Fitness Inc PLNT shares fell 2.8 percent to $23.45. Planet Fitness reported a secondary offering of 15 million shares via selling holders.

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