15 Biggest Mid-Day Losers For Thursday
- Pacific Biosciences of California (NASDAQ: PACB) shares tumbled 40.4 percent to $4.11 after the company reported the termination of agreement with Roche Diagnostics around the company company's Single Molecule, Real-Time technology.
- Ocean Rig UDW Inc. (NASDAQ: ORIG) shares dipped 21.2 percent to $1.78 as the company reported weaker-than-expected earnings for its third quarter on Wednesday.
- Amicus Therapeutics, Inc. (NASDAQ: FOLD) declined 12.7 percent to $5.11 after the company reported a proposed offering of convertible senior notes due 2023.
- Merus Labs International Inc (USA) (NASDAQ: MSLI) shares declined 11.9 percent to $0.740. On Wednesday, Merus Labs posted Q4 adjusted EBITDA of $11.6 million and gross basis revenue of $34.3 million. CIBC downgraded Merus Labs from Outperform to Neutral.
- First Majestic Silver Corp (NYSE: AG) shares fell 10.9 percent to $7.30. Silver futures dropped 6.7 percent to trade at $16.08 an ounce.
- Gulfport Energy Corporation (NASDAQ: GPOR) dropped 10.8 percent to $23.97. Gulfport launched a 29 million offering of common stock.
- Avino Silver and Gold Mines Ltd (NYSE: ASM) shares slipped 10.4 percent to $1.21.
- Yamana Gold Inc. (USA) (NYSE: AUY) shares declined 10.3 percent to $2.52. Gold futures slipped 3 percent to trade at $1,128.80 an ounce.
- IAMGOLD Corp (USA) (NYSE: IAG) shares fell 9.3 percent to $3.23 after declining 9.64 percent on Wednesday. Gold futures slipped 3 percent to trade at $1,128.80 an ounce.
- MAG Silver Corp (USA) (NYSE: MAG) shares declined 9.3 percent to $10.31.
- Coeur Mining Inc (NYSE: CDE) shares fell 8 percent to $9.06 after dropping 4.65 percent on Wednesday.
- Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares fell 7 percent to $13.13. Morgan Stanley downgraded Valeant from Overweight to Equal-Weight and lowered the price target from $25.00 to $17.00.
- AngloGold Ashanti Limited (ADR) (NYSE: AU) shares declined 6.7 percent to $9.41 after dropping 6.75 percent on Wednesday.
- Simmons First National Corporation (NASDAQ: SFNC) dropped 6 percent to $60.90shares gained 18.7 percent to $28.25. Simmons First National announced plans to acquire Southwest Bancorp, Inc. (NASDAQ: OKSB) in a deal valued at around $564.4 million.
- Stone Energy Corporation (NYSE: SGY) shares fell 3.3 percent to $5.94 after the company disclosed that it has files for court approval of restructuring plan. The company has filed for Chapter 11 Bankruptcy.
Latest Ratings for PACB
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Apr 2019 | Downgrades | Overweight | Equal-Weight | |
| Jan 2019 | Downgrades | Outperform | Market Perform | |
| Nov 2018 | Downgrades | Overweight | Neutral |
View More Analyst Ratings for PACB
View the Latest Analyst Ratings
Posted-In: Mid-Day LosersNews Movers & Shakers Intraday Update Markets Analyst Ratings
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
