Market Overview

15 Biggest Mid-Day Losers For Wednesday

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  • EnteroMedics Inc (NASDAQ: ETRM) shares fell 34.8 percent to $5.80. EnteroMedics reported the pricing of $16.5 million underwritten public offering at $5.31 per unit.
  • Pulmatrix Inc (NASDAQ: PULM) shares tumbled 31 percent to $1.07. Pulmatrix shares jumped Tuesday after the company disclosed that its drug candidate, PUR1900, has received "Qualified Infectious Disease Product" designation from the FDA.
  • Gigamon Inc (NYSE: GIMO) shares declined 29.6 percent to $31.00 after the company lowered its Q4 earnings guidance.
  • Pearson PLC (ADR) (NYSE: PSO) shares dropped 29 percent to $7.09 after the company lowered its profit forecast for the year and cut its dividend.
  • Benitec Biopharma Ltd (ADR) (NASDAQ: BNTC) shares declined 21.3 percent to $2.36. Benitec Biopharma shares climbed Tuesday after the company disclosed that it has received Orphan Drug Designation in the European Union for BB-301 for the treatment of oculopharyngeal muscular dystrophy.
  • Iradimed Corp (NASDAQ: IRMD) fell 19.4 percent to $9.79 after the company issued a weak forecast for the first quarter.
  • Biocept Inc (NASDAQ: BIOC) declined 14 percent to $1.57. Biocept shares have dropped 56.43 percent over the past 52 weeks, while the S&P 500 index has gained 20.55 percent in the same period.
  • Cameco Corp (USA) (NYSE: CCJ) dropped 13.5 percent to $11.48. Cameco projects to post loss for 2016 and announced plans to cut 10 percent of its workforce.
  • Bonanza Creek Energy Inc (NYSE: BCEI) shares slipped 12.7 percent to $2.62. Bonanza Creek Energy reported that it received an unsolicited inquiry from Bill Barrett Corporation.
  • MYOS RENS Technology Inc (NASDAQ: MYOS) dropped 9.1 percent to $3.49. MYOS RENS Technology shares have surged 138.07 percent over the past 52 weeks, while the S&P 500 index has gained 20.55 percent in the same period.
  • Mercantile Bank Corp. (NASDAQ: MBWM) declined 7.3 percent to $32.89. Raymond James downgraded Mercantile Bank from Outperform to Market Perform.
  • Target Corporation (NYSE: TGT) fell 5 percent to $67.42 after the company lowered its sales and profit guidance for fourth quarter. The company’s same-store sales dropped 1.3 percent in the November to December holiday period.
  • Goldman Sachs BDC Inc (NYSE: GSBD) dropped 3 percent to $23.17. Wells Fargo downgraded Goldman Sachs BDC from Outperform to Market Perform.
  • CSX Corporation (NYSE: CSX) shares fell 2.7 percent to $37.06. CSX reported Q4 earnings of $0.49 per share on revenue of $3.037 billion.
  • Kohl's Corporation (NYSE: KSS) slipped 2.7 percent to $40.25. Credit Suisse downgraded Kohl's from Neutral to Underperform.

Latest Ratings for ETRM

DateFirmActionFromTo
May 2017Initiates Coverage OnBuy
Jun 2016DowngradesBuyNeutral
Oct 2013Initiates Coverage onBuy

View More Analyst Ratings for ETRM
View the Latest Analyst Ratings

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

 

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TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
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