Market Overview

12 Biggest Mid-Day Losers For Tuesday

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  • Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) shares dropped 16.2 percent to $14.00 after the company reported a proposed convertible senior note offering.
  • Flotek Industries Inc (NYSE: FTK) shares fell 13.6 percent to $9.06 after the company issued an interim update on Q4 operations. The company expects Q4 total Energy Chemistry segment revenue to increase by 10 percent to 15 percent versus the third quarter, 2016.
  • TerraVia Holdings, Inc. (NASDAQ: TVIA) shares declined 11.9 percent to $0.925 as the company disclosed that it has suspended supply to Soylent of all its ingredients.
  • Altisource Asset Management Corp (NYSE: AAMC) fell 11.5 percent to $42.50. Altisource Asset Management shares have jumped 212.70 percent over the past 52 weeks, while the S&P 500 index has gained 11.94 percent in the same period.
  • NeoPhotonics Corp (NYSE: NPTN) shares dropped 10.3 percent to $11.21. NeoPhotonics issued a weak outlook for the fourth quarter and reported a deal to sell its Low Speed transceiver unit to APAT Optoelectronics for $26.4 million.
  • Destination Maternity Corp (NASDAQ: DEST) shares declined 7.4 percent to $6.50. Destination Maternity and Orchestra Prémaman announced plans to merge.
  • Cempra Inc (NASDAQ: CEMP) shares fell 5.8 percent to $6.78. SunTrust Robinson Humphrey downgraded Cempra from Buy to Sell and lowered the price target from $18.00 to $5.00.
  • Worthington Industries, Inc. (NYSE: WOR) declined 5.8 percent to $52.50 after the company reported weaker-than-expected earnings for its fiscal second quarter on Monday.
  • Sonic Foundry Inc (NASDAQ: SOFO) slipped 5.8 percent to $4.05. Sonic Foundry is expected to release Q4 results on December 22, 2016.
  • Acuity Brands, Inc. (NYSE: AYI) shares declined 4.9 percent to $233.59. Acuity Brands, is expected to report Q1 results on January 9, 2017. Baird downgraded Acuity Brands from Outperform to Neutral.
  • Mitel Networks Corp (NASDAQ: MITL) dropped 4 percent to $6.74. RBC Capital downgraded Mitel Networks from Outperform to Sector Perform.
  • General Mills, Inc. (NYSE: GIS) shares fell 3.4 percent to $60.89 after the company posted weaker-than-expected results for its second quarter on Tuesday.

Latest Ratings for SCMP

DateFirmActionFromTo
Jan 2018DowngradesBuyNeutral
Jan 2018DowngradesOutperformMarket Perform
Dec 2017DowngradesBuyHold

View More Analyst Ratings for SCMP
View the Latest Analyst Ratings

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

 

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