Market Overview

20 Biggest Mid-Day Losers For Wednesday

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  • Catabasis Pharmaceuticals Inc (NASDAQ: CATB) shares tumbled 70.5 percent to $1.20 after the company reported top-line results for Part B of MoveDMD trial for CAT-1004 in DMD. The company disclosed that primary efficacy endpoint was not met.
  • Galena Biopharma Inc (NASDAQ: GALE) shares fell 23.3 percent to $1.27. Galena Biopharma reported the resignation of its President and CEO and announced plans to evaluate strategic alternatives for the company.
  • Citrix Systems, Inc. (NASDAQ: CTXS) dropped 22.7 percent to $70.50. Citrix posted upbeat results for its fourth quarter, but issued a weak 2017 forecast. The company also completed the spin-off and merger of its GoTo family of service offerings with LogMeIn, Inc. (NASDAQ: LOGM).
  • Pitney Bowes Inc. (NYSE: PBI) shares dipped 21.7 percent to $12.47 after the company reported weak Q4 results and lowered its FY17 outlook.
  • Black Box Corporation (NASDAQ: BBOX) declined 18.7 percent to $10.85. Black Box reported Q3 adjusted earnings of $0.24 per share on revenue of $210.4 million.
  • Real Goods Solar, Inc. (NASDAQ: RGSE) shares dropped 18.4 percent to $3.16 after declining 15.50 percent on Tuesday.
  • Bovie Medical Corporation (NYSE: BVX) declined 15.9 percent to $3.18. Bovie Medical confirmed its 2017 forecast and disclosed that it is exploring new sales channel partnerships to further scale J-Plasma.
  • Synergy Pharmaceuticals Inc (NASDAQ: SGYP) shares fell 13.4 percent to $6.12. Synergy announced an offering of $125 million common stock.
  • SIFCO Industries Inc (NYSE: SIF) dropped 13.4 percent to $7.45. SIFCO Industries posted Q1 loss from operations before income tax expense of $2.3 million.
  • Cameco Corp (USA) (NYSE: CCJ) declined 12.3 percent to $11.18 as after Tokyo Electric Power Company Holdings, Inc. terminated its uranium supply contract.
  • Avianca Holdings SA (ADR) (NYSE: AVH) shares fell 11.7 percent to $7.51 after declining 1.39 percent on Tuesday.
  • Seaspan Corporation (NYSE: SSW) shares declined 9.3 percent to $8.71 after dropping 1.54 percent on Tuesday.
  • Boot Barn Holdings Inc (NYSE: BOOT) fell 9.2 percent to $9.85. Boot Barn reported Q3 earnings of $0.39 per share on revenue of $199.4 million.
  • National CineMedia, Inc. (NASDAQ: NCMI) slipped 6.4 percent to $13.72. Credit Suisse downgraded National CineMedia from Outperform to Underperform.
  • Diana Containerships Inc (NASDAQ: DCIX) dropped 4.9 percent to $2.90 after climbing 28.15 percent on Tuesday.
  • Tupperware Brands Corporation (NYSE: TUP) fell 5.2 percent to $57.21. Tupperware reported upbeat Q4 earnings.
  • Match Group Inc (NASDAQ: MTCH) shares fell 3.7 percent to $16.73. Match Group reported Q4 adjusted earnings of $0.29 per share on revenue of $319.7 million and announced the sale of all non-dating business to ST Unitas.
  • United Parcel Service, Inc. (NYSE: UPS) declined 3.7 percent to $105.07. BMO Capital downgraded UPS from Outperform to Market Perform.
  • Fossil Group Inc (NASDAQ: FOSL) dropped 3.5 percent to $24.67. Evercore ISI Group downgraded Fossil from Buy to Hold.
  • Michael Kors Holdings Ltd (NYSE: KORS) slipped 3.5 percent to $41.32. Evercore ISI Group downgraded Michael Kors from Buy to Hold.

Latest Ratings for CATB

Mar 2018WedbushMaintainsOutperformOutperform
Nov 2017CitigroupUpgradesNeutralBuy
Oct 2017CitigroupMaintainsNeutral

View More Analyst Ratings for CATB
View the Latest Analyst Ratings

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


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