Market Overview

18 Biggest Mid-Day Losers For Tuesday

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  • Barnes & Noble Education Inc (NYSE: BNED) dropped 14.5 percent to $9.91 after the company reported weak results for its second quarter.
  • Cerecor Inc (NASDAQ: CERC) shares fell 13.4 percent to $1.32. Cerecor shares have dropped 57.18 percent over the past 52 weeks, while the S&P 500 index has gained 6.15 percent in the same period.
  • Rent-A-Center Inc (NASDAQ: RCII) declined 12.8 percent to $10.39. Raymond James downgraded Rent-A-Center from Strong Buy to Market Perform.
  • Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares dropped 11 percent to $43.62 after the company announced plans to buy Intralinks Holdings Inc (NYSE: IL) for around $821 million.
  • Safe Bulkers, Inc. (NYSE: SB) shares declined 10.4 percent to $1.21 after announcing a public offering of common stock.
  • Regulus Therapeutics Inc (NASDAQ: RGLS) shares dropped 10.2 percent to $2.56.
  • Sears Hometown and Outlet Stores Inc (NASDAQ: SHOS) fell 8.5 percent to $5.90. Sears Hometown and Outlet shares have declined 11.64 percent over the past 52 weeks, while the S&P 500 index has increased 6.15 percent in the same period.
  • SunPower Corporation (NASDAQ: SPWR) declined 8.3 percent to $6.62. Guggenheim downgraded SunPower from Buy to Neutral.
  • Select Comfort Corp. (NASDAQ: SCSS) shares fell 7.9 percent to $21.15. Wedbush downgraded Select Comfort from Outperform to Neutral.
  • Stone Energy Corporation (NYSE: SGY) shares dropped 7.7 percent to $7.00 after surging 9.22 percent on Monday.
  • Juno Therapeutics Inc (NASDAQ: JUNO) shares dropped 7.6 percent to $18.88. Raymond James downgraded Juno Therapeutics from Outperform to Market Perform.
  • Michaels Companies Inc (NASDAQ: MIK) dropped 6.8 percent to $22.67 after the company reported downbeat Q3 results.
  • Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) shares fell 6.6 percent to $34.60. Teva named Dipankar Bhattacharjee as President and Chief Executive Officer, Global Generic Medicines Group. The company announced a positive outcome for COPAXONE® label in Europe and reaffirmed its 2016 guidance.
  • Ducommun Incorporated (NYSE: DCO) dropped 6.5 percent to $27.56. B. Riley downgraded Ducommun from Buy to Neutral.
  • Forum Energy Technologies Inc (NYSE: FET) declined 5.2 percent to $22.00. Forum Energy Technologies priced its 7 million share offering at $21.50 per share.
  • Southside Bancshares, Inc. (NASDAQ: SBSI) shares fell 4.3 percent to $36.69 after the company reported the commencement of $60 million common stock offering.
  • Starwood Property Trust, Inc. (NYSE: STWD) fell 3.5 percent to $22.11. Starwood Property Trust priced its 17.8 million share offering for gross proceeds of $394.3 million.
  • ABM Industries, Inc. (NYSE: ABM) slipped 3 percent to $42.88. Baird downgraded ABM Industries from Outperform to Neutral.

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

 

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