Market Overview

20 Biggest Mid-Day Losers For Friday

  • Transenterix Inc (NYSE: TRXC) shares dipped 37.7 percent to $0.679. TransEnterix reported the pricing of $24.9 million public offering of common stock and warrant.
  • CorMedix Inc. (NYSE: CRMD) shares declined 35.1 percent to $0.675. CorMedix raised its earlier announced public offering to $12.1 million.
  • FuelCell Energy Inc (NASDAQ: FCEL) shares tumbled 32.8 percent to $1.08. FuelCell Energy priced its $15.4 million underwritten public offering of common stock and warrants.
  • Vince Holding Corp (NYSE: VNCE) dropped 23.1 percent to $1.00. Vince Holding reported a Q4 loss of $162.1 million on revenue of $63.9 million.
  • Matrix Service Co (NASDAQ: MTRX) shares fell 21.8 percent to $13.20 as the company issued a weak sales forecast for the third quarter.
  • athenahealth, Inc (NASDAQ: ATHN) shares declined 19.4 percent to $97.94 after the company reported weaker-than-expected quarterly results.
  • PDF Solutions, Inc. (NASDAQ: PDFS) fell 18.5 percent to $18.86 as the company posted downbeat Q1 results.
  • Time Inc (NYSE: TIME) shares dropped 18.2 percent to $14.98. Time’s board determined to pursue the company’s own strategic plan. Wells Fargo downgraded Time from Outperform to Market Perform.
  • PCM Inc (NASDAQ: PCMI) shares dipped 17.6 percent to $24.85. PCM posted Q1 earnings of $0.26 per share on revenue of $524.4 million. The company projects Q2 earnings of $0.44 to $0.49 per share, and revenue of $580 million to $600 million.
  • A10 Networks Inc (NYSE: ATEN) dropped 16.7 percent to $7.96. A10 Networks posted Q1 earnings of $0.01 per share on revenue of $60.3 million.
  • Gigamon Inc (NASDAQ: GIMO) shares fell 15.7 percent to $30.35. Gigamon reported Q1 adjusted earnings of $0.12 per share on revenue of $69.6 million. Credit Suisse downgraded Gigamon from Outperform to Neutral
  • Lantronix Inc (NASDAQ: LTRX) dropped 14.5 percent to $2.84. Lantronix reported Q3 GAAP loss of $0.01 per share on sales of $11.5 million.
  • Orchid Island Capital Inc (NYSE: ORC) shares slipped 9.2 percent to $9.92. Orchid Island reported Q1 earnings of $0.07 per share.
  • The Ensign Group, Inc. (NASDAQ: ENSG) declined 7.7 percent to $17.64. Wells Fargo downgraded Ensign Group from Market Perform to Underperform.
  • Accuray Incorporated (NASDAQ: ARAY) dropped 7.6 percent to $4.25. Accuray posted a wider-than-expected Q3 loss and lowered its FY 2017 sales guidance.
  • Greenhill & Co., Inc. (NYSE: GHL) shares declined 7.1 percent to $26.20 after reporting weak quarterly results.
  • Barclays PLC (ADR) (NYSE: BCS) dropped 4.8 percent to $10.96 after the company reported results for its first quarter.
  • Intel Corporation (NASDAQ: INTC) declined 3.7 percent to $36.06. Intel reported upbeat earnings for its first quarter, but sales missed estimates.
  • Starbucks Corporation (NASDAQ: SBUX) fell 3.4 percent to $59.24. Starbucks posted in-line earnings for its first quarter, but sales missed expectations. The company also lowered its FY17 earnings outlook.
  • QUALCOMM, Inc. (NASDAQ: QCOM) fell 3.1 percent to $51.59 after the company lowered its Q3 forecast.

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