Market Overview

15 Biggest Mid-Day Losers For Wednesday

  • United States Steel Corporation (NYSE: X) shares dropped 25.2 percent to $23.25 after the company reported surprise loss for its first quarter. U.S. Steel reported an adjusted loss of $0.83 per share and revenue of $2.73 billion.
  • Seagate Technology PLC (NASDAQ: STX) shares dropped 16.1 percent to $42.36. Seagate posted upbeat quarterly earnings, while sales missed estimates.
  • Cree, Inc. (NASDAQ: CREE) dropped 16 percent to $20.85 after the company posted weaker-than-expected quarterly results.
  • CyberOptics Corporation (NASDAQ: CYBE) shares dipped 15.2 percent to $21.48. CyberOptics reported a Q1 loss of $0.03 per share on revenue of $11.92 million.
  • Flexion Therapeutics Inc (NASDAQ: FLXN) declined 13.6 percent to $22.42. Flexion Therapeutics disclosed a proposed convertible senior notes offering.
  • NeoGenomics, Inc. (NASDAQ: NEO) fell 12.1 percent to $7.48. NeoGenomics reported a Q1 loss of $654,000 on revenue of $61.7 million.
  • Orion Energy Systems, Inc. (NASDAQ: OESX) dropped 11.9 percent to $1.56 after the company reported preliminary, unaudited financial results for its fourth quarter.
  • Natus Medical Inc (NASDAQ: BABY) shares slipped 10.9 percent to $36.00 after the company posted downbeat quarterly profit.
  • Quantenna Communications Inc (NASDAQ: QTNA) dropped 10.8 percent to $17.00. Quantenna Communications is projected to release quarterly earnings on May 8.
  • Ocean Power Technologies Inc (NASDAQ: OPTT) shares fell 10.6 percent to $2.19.
  • BofI Holding, Inc. (NASDAQ: BOFI) shares declined 10.2 percent to $23.66. BofI posted Q3 earnings of $0.63 per share on revenue of $130.1 million.
  • MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) dropped 10.1 percent to $48.39. MACOM reported Q2 adjusted earnings of $0.63 per share on revenue of $186.1 million.
  • Sandstorm Gold Ltd (NYSE: SAND) declined 9.5 percent to $3.65. Sandstorm and Mariana reported a recommended combination to create leading mid-tier streaming company.
  • Allegiant Travel Company (NASDAQ: ALGT) dropped 8.5 percent to $149.85 as the company posted downbeat quarterly earnings. Deutsche Bank downgraded Allegiant Travel from Buy to Hold.
  • Discover Financial Services (NYSE: DFS) fell 4.2 percent to $64.47. Discover Financial reported Q1 earnings of $1.43 per share.

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

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