Market Overview

18 Biggest Mid-Day Losers For Friday

  • Nordic American Offshore Ltd. (NYSE: NAO) shares declined 41.5 percent to $1.20. Nordic American Offshore priced its upsized offering of 40 million shares at $1.25 per share.
  • FunctionX Inc (NASDAQ: FNCX) shares dropped 24.2 percent to $0.978. FunctionX priced its 4.5 million share offering at $1.05 per share.
  • BP Prudhoe Bay Royalty Trust (NYSE: BPT) shares declined 20.4 percent to $19.55.
  • Gulf Island Fabrication, Inc. (NASDAQ: GIFI) shares fell 15 percent to $11.10. Gulf Island Fabrication reported a Q4 loss of $0.24 per share on revenue of $55.45 million.
  • Zoe's Kitchen Inc (NYSE: ZOES) dropped 13.8 percent to $19.35 after the company posted a wider-than-expected quarterly loss.
  • Career Education Corp. (NASDAQ: CECO) shares declined 13 percent to $8.12. Career Education reported a Q4 loss of $32.9 million.
  • Acacia Communications, Inc. (NASDAQ: ACIA) shares dropped 12.8 percent to $55.30 after the company issued a weak forecast for the current quarter.
  • Hi-Crush Partners LP (NYSE: HCLP) dropped 12.2 percent to $18.05. Hi-Crush Partners reported a primary offering of common units.
  • Benefitfocus Inc (NASDAQ: BNFT) fell 10 percent to $25.50. Benefitfocus reported Q4 adjusted loss of $0.09 per share on revenue of $62.6 million.
  • Eyegate Pharmaceuticals Inc (NASDAQ: EYEG) declined 9.7 percent to $2.54 after the company reported full-year 2016 financial results and issued a business update.
  • J C Penney Company Inc (NYSE: JCP) shares fell 9.5 percent to $6.21 after the company reported better-than-expected earnings for its fourth quarter and announced plans to close around 130-140 stores.
  • Hewlett Packard Enterprise Co (NYSE: HPE) shares fell 9 percent to $22.43 after the company reported downbeat revenue for its first quarter and cut its full-year profit outlook. BMO Capital downgraded Hewlett Packard Enterprise from Outperform to Market Perform.
  • Nova Lifestyle Inc (NASDAQ: NVFY) shares declined 8.8 percent to $2.29 after surging 38.67 percent on Thursday.
  • KBR, Inc. (NYSE: KBR) shares fell 7.8 percent to $14.88 after reporting results for the fourth quarter.
  • DryShips Inc. (NASDAQ: DRYS) shares fell 6.6 percent to $2.19 after declining 12.96 percent on Thursday.
  • Watsco Inc (NYSE: WSO) fell 4.8 percent to $144.86. United Technologies reported a secondary offering of 4.236 million shares of Watsco common stock.
  • Splunk Inc (NASDAQ: SPLK) fell 4.6 percent to $61.91. Splunk reported upbeat results for its fourth quarter, but issued a weak sales forecast for the current quarter.
  • Kforce Inc. (NASDAQ: KFRC) dropped 3.1 percent to $24.73. Credit Suisse downgraded Kforce from Outperform to Neutral.

Latest Ratings for NAO

Apr 2019Initiates Coverage OnBuy
May 2015Initiates Coverage onNeutral
Feb 2015DowngradesOutperformUnderperform

View More Analyst Ratings for NAO
View the Latest Analyst Ratings

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


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