20 Biggest Mid-Day Losers For Thursday
- Synchronoss Technologies, Inc. (NASDAQ: SNCR) shares declined 47 percent to $13.05 after the company reported the departures of CEO Ronald Hovsepian and CFO John Frederick. The company also lowered its Q1 outlook.
- Ocean Power Technologies Inc (NASDAQ: OPTT) shares tumbled 27.2 percent to $1.48. Ocean Power Technologies priced its 5.385 million share common stock offering at $1.30 per share.
- CARBO Ceramics Inc. (NYSE: CRR) shares dropped 23.2 percent to $7.00 as the company reported a wider-than-expected Q1 loss.
- American Superconductor Corporation (NASDAQ: AMSC) declined 22.5 percent to $5.97 as the company lowered its Q4 sales forecast.
- Pacific Biosciences of California (NASDAQ: PACB) shares tumbled 22 percent to $4.04 after the company reported a wider-than-expected quarterly loss.
- Microvision, Inc. (NASDAQ: MVIS) dropped 14.4 percent to $2.33. Microvision reported a Q1 loss of $0.08 per share on revenue of $792,000.
- Isle of Capri Casinos (NASDAQ: ISLE) shares fell 14.3 percent to $23.06 after rising 3.18 percent on Wednesday.
- Mellanox Technologies, Ltd. (NASDAQ: MLNX) shares dipped 12.9 percent to $44.35 after the company reported downbeat quarterly results and issued a weak forecast.
- KapStone Paper and Packaging Corp. (NYSE: KS) fell 12.8 percent to $20.90 after the company posted downbeat quarterly results. Vertical Research downgraded KapStone Paper from Buy to Hold.
- Cliffs Natural Resources Inc (NYSE: CLF) declined 11.2 percent to $6.39. Cliffs Natural reported a Q1 loss of $28.1 million.
- FTI Consulting, Inc. (NYSE: FCN) shares fell 10.4 percent to $37.70 on weaker-than-expected results for its first quarter.
- Brookline Bancorp, Inc. (NASDAQ: BRKL) shares dropped 9.1 percent to $14.50. Brookline reported a secondary offering and announced Q1 earnings of $0.19 per share.
- Cooper Tire & Rubber Co (NYSE: CTB) dropped 8.9 percent to $39.55 after the company posted weaker-than-expected quarterly results.
- Bemis Company, Inc. (NYSE: BMS) shares declined 8.4 percent to $45.97 after reporting downbeat quarterly earnings.
- Nabors Industries Ltd. (NYSE: NBR) dropped 8.1 percent to $10.79. Nabors reported a Q1 loss of $149 million.
- Sapiens International Corporation N.V. (NASDAQ: SPNS) declined 7.6 percent to $12.33 after the company reported a halt of software development project and revised its 2017 forecast.
- American Airlines Group Inc (NASDAQ: AAL) shares slipped 7.5 percent to $42.90. American Airlines reported upbeat earnings for its first quarter. JP Morgan downgraded American Airlines from Overweight to Neutral.
- F5 Networks, Inc. (NASDAQ: FFIV) fell 6.3 percent to $128.62 after the company posted weaker-than-expected quarterly results.
- Citrix Systems, Inc. (NASDAQ: CTXS) shares fell 4 percent to $80.76. Citrix posted upbeat Q1 earnings.
- Southwest Airlines Co (NYSE: LUV) fell 3.3 percent to $55.05 after reporting downbeat quarterly earnings.
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