Market Overview

22 Biggest Mid-Day Losers For Thursday

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  • Ocean Rig UDW Inc. (NASDAQ: ORIG) shares dipped 25.6 percent to $0.803 Ocean Rig UDW reported a Q4 loss of $3.71 billion on revenue of $355.4 million.
  • Cyclacel Pharmaceuticals Inc (NASDAQ: CYCC) shares fell 22.6 percent to $4.19. Cyclacel reported that its Phase 3 SEAMLESS study did not meet primary endpoint.
  • DryShips Inc. (NASDAQ: DRYS) shares dropped 19.3 percent to $2.18. DryShips shares have dropped 99.80 percent over the past 52 weeks, while the S&P 500 index has gained 22.98 percent in the same period.
  • Atlantic Alliance Partnership Corp (NASDAQ: AAPC) shares declined 17.7 percent to $11.92. Atlantic Alliance Partnership shares have surged 41.64 percent over the past 52 weeks, while the S&P 500 index has gained 22.98 percent in the same period.
  • Ocwen Financial Corp (NYSE: OCN) dropped 17.6 percent to $ 4.45. Ocwen Financial reported a Q4 loss of $0.08 per share on revenue of $323.9 million.
  • L Brands Inc (NYSE: LB) dipped 16.9 percent to $48.33. L Brands reported upbeat earnings for its fourth quarter, but issued disappointing outlook for 2017.
  • InterDigital, Inc. (NASDAQ: IDCC) shares declined 16 percent to $85.00 after the company issued a weak forecast for the current quarter.
  • ARRIS International plc (NASDAQ: ARRS) dropped 15 percent to $26.10. ARRIS issued a weak forecast for the first quarter and announced plans to acquire Ruckus Wireless and ICX Switch business for $800 million in cash.
  • Genesis Healthcare Inc (NYSE: GEN) shares declined 13.8 percent to $3.30 on Q4 results.
  • Weibo Corp (ADR) (NASDAQ: WB) shares tumbled 13.5 percent to $50.36. Weibo reported Q4 adjusted earnings of $0.34 per share on revenue of $212.7 million.
  • Archrock Inc (NYSE: AROC) shares fell 13 percent to $13.80 on weak quarterly earnings.
  • FARO Technologies, Inc. (NASDAQ: FARO) dropped 12.5 percent to $34.00 after the company posted downbeat quarterly results.
  • SINA Corp (NASDAQ: SINA) shares fell 12 percent to $70.07. SINA reported Q4 adjusted earnings of $0.63 per share on revenue of $313.4 million.
  • Cenveo, Inc. (NYSE: CVO) shares declined 11 percent to $5.64. Cenveo reported a Q4 loss of $241,000 on revenue of $417.2 million.
  • Cloud Peak Energy Inc. (NYSE: CLD) shares tumbled 10.2 percent to $5.10. Cloud Peak Energy priced 13.5 million shares at $5.10 per share.
  • NVIDIA Corporation (NASDAQ: NVDA) shares declined 9.1 percent to $100.74. BMO Capital downgraded NVIDIA from Market Perform to Underperform, while Nomura downgraded the stock from Buy to Reduce.
  • Hormel Foods Corp (NYSE: HRL) dropped 7.4 percent to $34.54 after the company reported weaker-than-expected earnings for its first quarter and lowered its forecast.
  • La-Z-Boy Incorporated (NYSE: LZB) declined 6.3 percent to $26.60. Stifel Nicolaus downgraded La-Z-Boy from Buy to Hold.
  • Jack in the Box Inc. (NASDAQ: JACK) fell 5.7 percent to $97.70 as the company posted downbeat results for its first quarter and issued a weak forecast for the full year.
  • Nationstar Mortgage Holdings Inc (NYSE: NSM) declined 5.7 percent to $17.72. Barclays downgraded Nationstar Mortgage from Equal-Weight to Underweight.
  • Artisan Partners Asset Management Inc (NYSE: APAM) fell 3.2 percent to $29.42 after the company reported an offering of 5.627 million shares of common stock.
 

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

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