Market Overview

22 Biggest Mid-Day Losers For Thursday

  • ITUS Corp (NASDAQ: ITUS) shares dipped 39.7 percent to $1.02. ITUS disclosed that it has priced its 3.5 million share offering at $1.05 per share.
  • MannKind Corporation (NASDAQ: MNKD) shares fell 25.3 percent to $1.20 after climbing 42.86 percent on Wednesday. MannKind reported downbeat Q1 results.
  • Conatus Pharmaceuticals Inc (NASDAQ: CNAT) shares tumbled 22.5 percent to $5.44. Conatus Pharmaceuticals priced its underwritten public offering of 5,200,000 shares at $5.50 per share.
  • Aviat Networks Inc (NASDAQ: AVNW) shares declined 22.5 percent to $17.07. Aviat Networks reported Q3 adjusted earnings of $0.07 per share on sales of $58.7 million. The company projects FY17 sales of $242 million to $247 million.
  • Snap Inc (NYSE: SNAP) shares dropped 20.6 percent to $18.25. Snap reported a Q1 loss of $2.31 per share, versus a year-ago loss of $0.14 per share. Its sales for the quarter came in at $149.64 million Daily active users grew to 166 million, up from 122 million in the year-ago period.
  • Straight Path Communications Inc (NYSE: STRP) shares declined 20.5 percent to $177.90. Verizon Communications Inc. (NYSE: VZ) announced plans to acquire Straight Path Communications for $184 per share in an all-stock deal.
  • Inseego Corp (NASDAQ: INSG) shares dropped 17.1 percent to $1.50. Inseego reported a Q1 loss of $0.14 per share on revenue of $55.38 million.
  • Aemetis Inc (NASDAQ: AMTX) shares fell 17 percent to $1.23. Aemetis posted a Q1 net loss of $8.5 million, versus a year-ago net loss of $5.1 million.
  • QuickLogic Corporation (NASDAQ: QUIK) shares declined 16.8 percent to $1.39. QuickLogic reported a Q1 loss of $3.6 million.
  • Real Goods Solar, Inc. (NASDAQ: RGSE) dropped 14.8 percent to $1.15. Real Goods Solar reported a Q1 loss of $0.86 per share on sales of $3.653 million.
  • Macy's Inc (NYSE: M) shares fell 13.9 percent to $25.27. Macy's reported weaker-than-expected results for its first quarter.
  • Dillard's, Inc. (NYSE: DDS) dropped 13.5 percent to $50.08. Dillard's reported Q1 profit of $66.3 million on revenue of $1.45 billion.
  • Kingold Jewelry Inc (NASDAQ: KGJI) declined 11.9 percent to $1.48. Kingold Jewelry reported a Q1 loss of $0.32 per share on sales of $292.3 million.
  • U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) dropped 10.4 percent to $3.67. U.S. Auto Parts Network reported Q1 earnings of $257,000 and revenue of $80.8 million.
  • New York REIT Inc (NYSE: NYRT) shares fell 9.7 percent to $8.75 after the company reported Q1 results.
  • Neovasc Inc (US) (NASDAQ: NVCN) slipped 8.5 percent to $1.51 as the company posted weak quarterly results.
  • S&W Seed Company (NASDAQ: SANW) dropped 7 percent to $4.47 after the company posted downbeat quarterly results and issued a weak FY17 sales forecast. Piper Jaffray downgraded S&W Seed from Overweight to Neutral.
  • Symantec Corporation (NASDAQ: SYMC) shares declined 5.8 percent to $31.21. Symantec posted in-line earnings for its fourth quarter, but sales missed expectations. The company also raised its FY18 outlook.
  • Arbor Realty Trust Inc (NYSE: ABR) fell 5.6 percent to $8.25. Arbor Realty Trust reported a 9.5 million stock offering.
  • Mazor Robotics Ltd - ADR (NASDAQ: MZOR) dropped 5.5 percent to $39.71 following Q1 results. Wells Fargo downgraded Mazor Robotics from Outperform to Market Perform.
  • SP Plus Corp (NASDAQ: SP) fell 5.5 percent to $29.95 in pre-market trading. SP Plus reported a secondary offering of 3.6 million shares of common stock by selling stockholders.
  • Vista Outdoor Inc (NYSE: VSTO) declined 4.3 percent to $19.66 after the company posted downbeat quarterly earnings.

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