Market Overview

15 Biggest Mid-Day Losers For Wednesday

  • DryShips Inc. (NASDAQ: DRYS) shares tumbled 35.3 percent to $0.686. DryShips reported a 1-for-7 stock split. The company is expected to release Q1 results on May 10, 2017.
  • Twilio Inc (NYSE: TWLO) shares dipped 27 percent to $24.78. Twilio posted better-than-expected results for its first quarter, but issued a weak forecast for the year.
  • Veritiv Corp (NYSE: VRTV) shares fell 21 percent to $41.85. Veritiv reported a Q1 loss of $2.2 million, versus a profit in the year-ago period.
  • Inphi Corporation (NYSE: IPHI) shares dropped 17.1 percent to $33.59. Inphi posted in-line Q1 earnings, but issued a weak forecast for the current quarter.
  • Lannett Company, Inc. (NYSE: LCI) shares slipped 16 percent to $22.85 after reporting downbeat Q3 results.
  • Potbelly Corp (NASDAQ: PBPB) shares fell 15.9 percent to $11.65. Potbelly posted in-line quarterly earnings, while sales missed estimates. The company also issued a weak earnings forecast for FY17. William Blair downgraded Potbelly from Outperform to Market Perform.
  • Akamai Technologies, Inc. (NASDAQ: AKAM) shares declined 15.5 percent to $52.85. Akamai posted upbeat quarterly results, but issued a weak sales forecast for the current quarter. Wells Fargo downgraded Akamai Technologies from Outperform to Market Perform, while SunTrust Robinson Humphrey downgraded the stock from Buy to Hold.
  • Bojangles Inc (NASDAQ: BOJA) fell 15.2 percent to $18.65. Bojangles posted upbeat Q1 earnings, but sales missed expectations. The company also issued disappointing forecast for FY17.
  • Nanometrics Incorporated (NASDAQ: NANO) dropped 14.7 percent to $27.21 after the company posted weak quarterly results.
  • Groupon Inc (NASDAQ: GRPN) fell 14 percent to $3.44. Groupon posted upbeat quarterly earnings, but sales missed estimates.
  • Key Tronic Corporation (NASDAQ: KTCC) declined 12.2 percent to $6.81. Key Tronic reported Q3 earnings of $0.09 per share on revenue of $113.6 million. Key Tronic expects Q4 earnings of $0.10 to $0.15 per share, on sales of $112 million to $117 million.
  • Etsy Inc (NASDAQ: ETSY) shares dropped 11.9 percent to $10.04 after the company posted downbeat Q1 earnings and announced plans to cut 8 percent of its workforce.. The company also announced that its CEO Chad Dickerson would step down.
  • Frontier Communications Corp (NASDAQ: FTR) shares slipped 10.6 percent to $1.73 after the company reported a wider-than-expected quarterly loss. UBS downgraded Frontier Communications from Buy to Neutral, while Cowen downgraded the stock from Outperform to Market Perform.
  • Cray Inc. (NASDAQ: CRAY) declined 8 percent to $17.08 after the company posted a wider-than-expected quarterly loss.
  • Oclaro, Inc. (NASDAQ: OCLR) shares dropped 5.5 percent to $7.74. Oclaro posted better-than-expected Q3 results, but issued a weak sales forecast for the current quarter.

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


Related Articles (AKAM + BOJA)

View Comments and Join the Discussion!

Latest Ratings

WUBABOCOM InternationalDowngrades
DLTROTR GlobalUpgrades
ARCCCompass PointDowngrades
GTYHCitiInitiates Coverage On7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Time Warner Deal Remains On Track To Close This Year

20 Biggest Mid-Day Gainers For Wednesday