Market Overview

15 Biggest Mid-Day Losers For Tuesday

  • BT Group plc (ADR) (NYSE: BT) shares dropped 20.8 percent to $19.35 after the company lowered its 2017 and 2018 guidance due to Italian accounting errors.
  • Bioamber Inc (NYSE: BIOA) shares declined 18.6 percent to $4.28. BioAmber increased its previously reported public offering to US$17.5 million.
  • DryShips Inc. (NASDAQ: DRYS) shares tumbled 16.4 percent to $4.51. DryShips shares have dropped 97.23 percent over the past 52 weeks, while the S&P 500 index has gained 20.68 percent in the same period.
  • Ocular Therapeutix Inc (NASDAQ: OCUL) declined 12.7 percent to $6.59. Ocular Therapeutic priced 3.5 million shares at $7 per share.
  • Energous Corp (NASDAQ: WATT) fell 12.2 percent to $15.55. Oppenheimer downgraded Energous from Outperform to Perform.
  • Nantkwest Inc (NASDAQ: NK) shares fell 9.9 percent to $5.75. Jefferies downgraded Nantkwest from Buy to Hold.
  • Fortuna Silver Mines Inc (NYSE: FSM) shares declined 9.1 percent to $6.23 as the company reported a US$65 million bought deal financing.
  • Sunshine Heart Inc (NASDAQ: SSH) shares dropped 9 percent to $5.56 after gaining 5.89 percent on Monday.
  • GasLog Partners LP (NYSE: GLOP) fell 6.6 percent to $20.59 after the company announced a public offering of 3.75 million common units.
  • Globus Maritime Ltd (NASDAQ: GLBS) shares fell 5.3 percent to $10.20 after gaining 11.03 percent on Monday.
  • Verizon Communications Inc. (NYSE: VZ) shares declined 4.3 percent to $50.16 after the company reported weaker-than-expected earnings for its fourth quarter.
  • AMN Healthcare Services, Inc. (NYSE: AMN) dropped 4.2 percent to $35.00. Avondale Partners downgraded AMN Healthcare from Market Outperform to Market Perform.
  • Silicon Motion Technology Corp. (ADR) (NASDAQ: SIMO) shares fell 3.6 percent to $41.78. Silicon Motion posted upbeat results for its first quarter, but issued a weak revenue forecast for the current quarter.
  • Polaris Industries Inc. (NYSE: PII) fell 3 percent to $85.19 after the company reported weak quarterly earnings.
  • Lockheed Martin Corporation (NYSE: LMT) fell 2.2 percent to $252.06. Lockheed Martin posted better-than-expected results for its fourth quarter, but issued a weak profit outlook for 2017.

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