15 Biggest Mid-Day Losers For Wednesday
- Meridian Bioscience, Inc. (NASDAQ: VIVO) shares tumbled 24.2 percent to $12.48 after the company reported weak Q1 results and lowered its FY17 guidance. The company also reduced its quarterly dividend to $0.125 per share.
- Horizon Global Corp (NYSE: HZN) shares dropped 14.2 percent to $17.91. Horizon Global reported proposed offerings of common stock and convertible senior notes and announced preliminary unaudited 2016 financial results.
- Amtech Systems, Inc. (NASDAQ: ASYS) shares dipped 11.2 percent to $5.18. Amtech shares have surged 11.05 percent over the past 52 weeks, while the S&P 500 index has gained 21.47 percent in the same period.
- CommVault Systems, Inc. (NASDAQ: CVLT) declined 10.4 percent to $50.90. Commvault reported Q3 adjusted earnings of $0.28 per share on revenue of $165.8 million.
- Globus Maritime Ltd (NASDAQ: GLBS) shares fell 10.4 percent to $8.50. Globus Maritime shares have climbed 9,390.00 percent over the past 52 weeks, while the S&P 500 index has gained 21.47 percent in the same period.
- Textron Inc. (NYSE: TXT) dropped 10 percent to $44.50 after the company reported downbeat results for its fourth quarter and announced plans to acquire Arctic Cat Inc (NASDAQ: ACAT) in a $247 million all-cash deal.
- Marine Products Corp. (NYSE: MPX) shares slipped 9.3 percent to $12.14. Marine Products posted Q4 earnings of $0.10 per share on revenue of $57.2 million.
- Northern Dynasty Minerals Ltd (NYSE: NAK) shares fell 7.8 percent to $3.06 after rising 12.16 percent on Tuesday.
- NEWTEK Business Services Corp (NASDAQ: NEWT) shares declined 6 percent to $15.27 after the company reported a 1.5 million share common stock offering.
- AK Steel Holding Corporation (NYSE: AKS) dropped 5.6 percent to $8.19. JP Morgan downgraded AK Steel from Overweight to Neutral.
- Michaels Companies Inc (NASDAQ: MIK) shares declined 5.5 percent to $20.58. Michaels Companies reported a secondary offering of 18 million shares by selling shareholders, of which the company intends to buyback 8 million shares of stock. The company also issued a weak earnings forecast for the fourth quarter.
- Unifi, Inc. (NYSE: UFI) dropped 5.2 percent to $29.71. Unifi reported Q2 adjusted earnings of $0.34 per share on revenue of $155.2 million.
- Brinker International, Inc. (NYSE: EAT) fell 4.8 percent to $44.90 after the company posted weaker-than-expected earnings for its second quarter.
- Freeport-McMoRan Inc (NYSE: FCX) shares declined 4.5 percent to $16.26 on weaker-than-expected Q4 earnings.
- Sharps Compliance Corp. (NASDAQ: SMED) dropped 3.4 percent to $4.29 after the company posted downbeat Q2 results.
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