Market Overview

15 Biggest Mid-Day Losers For Monday

  • Ophthotech Corp (NASDAQ: OPHT) shares dropped 84.5 percent to $6.01 after the company reported negative results in its Phase III OPH1002 and OPH1003 studies. The two combination trials in wet age-related macular degeneration (AMD) failed to meet primary endpoints.
  • Performant Financial Corp (NASDAQ: PFMT) shares tumbled 43.9 percent to $2.16 after the company issued an update regarding the Department of Education contract procurement process.
  • Wins Finance Holdings Inc (NASDAQ: WINS) shares dipped 21.4 percent to $108.50. Wins Finance shares have jumped 1,074.47 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.
  • Interpace Diagnostics Group Inc (NASDAQ: IDXG) shares fell 20.7 percent to $1.07.
  • Parnell Pharmaceuticals Holdings Ltd (NASDAQ: PARN) shares dropped 20.3 percent to $1.13. Parnell Pharmaceuticals shares have dropped 68.72 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.
  • Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) shares declined 15.8 percent to $111.33 after the company dropped a bombshell that CEO David Hallal and board member Vikas Sinha are leaving the company amid an ongoing audit and finance committee investigation. The news of the departures seems to have overshadowed a positive update on the progress of the audit. “At this point in time, the Audit and Finance Committee’s investigation has not identified any facts that require the Company to update its previously reported historical results,” the Alexion press release read. In addition, the company reports that the investigation is “nearing completion.”
  • Opexa Therapeutics Inc (NASDAQ: OPXA) shares fell 14.9 percent to $1.03. Opexa Therapeutics shares have declined 58.70 percent over the past 52 weeks, while the S&P 500 index has gained 11.75 percent in the same period.
  • Johnson Outdoors Inc (NASDAQ: JOUT) shares declined 12.9 percent to $39.07. Johnson Outdoors reported a FQ4 loss of $2.1 million on revenue of $74.9 million.
  • SigmaTron International (NASDAQ: SGMA) dropped 12.5 percent to $4.64. SigmaTron reported Q2 earnings of $0.01 per share on revenue of $65.84 million.
  • Intrepid Potash, Inc. (NYSE: IPI) declined 11.9 percent to $2.33.
  • Depomed Inc (NASDAQ: DEPO) fell 10.5 percent to $18.08. Piper Jaffray downgraded Depomed from Neutral to Underweight.
  • Twenty-First Century Fox Inc (NASDAQ: FOXA) shares dropped 5.5 percent to $26.67. Twenty-First Century Fox confirmed it has reached an agreement in principle regarding a possible offer to acquire all of the outstanding shares in Sky it does not already own for £10.75 per share in cash less the value of any dividends subsequently paid by Sky. On Sunday, an unnamed major shareholder told Reuters the bid was too low and they would vote against the deal. Telsey Advisory Group downgraded Twenty-First Century Fox from Outperform to Market Perform.
  • CF Industries Holdings, Inc. (NYSE: CF) declined 4.4 percent to $29.58. Barclays downgraded CF Industries from Overweight to Equal-Weight.
  • Finish Line Inc (NASDAQ: FINL) slipped 3.5 percent to $23.41. Brean Capital downgraded Finish Line from Buy to Hold.
  • Mosaic Co (NYSE: MOS) dropped 3 percent to $30.48. Scotiabank downgraded Mosaic from Sector Perform to Sector Underperform.

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