Market Overview

18 Biggest Mid-Day Losers For Thursday

  • Ascena Retail Group Inc (NASDAQ: ASNA) shares dipped 37.8 percent to $1.75 after the company lowered its Q3 and FY17 guidance.
  • Endologix, Inc. (NASDAQ: ELGX) shares dropped 35 percent to $4.38 after the company issued an update on Nellix System US regulatory status. Following meeting with the FDA, Endologix will seek US approval by conducting a confirmatory clinical study with the IFU and Gen2 device design. Stifel Nicolaus downgraded Endologix from Buy to Hold.
  • Stein Mart, Inc. (NASDAQ: SMRT) shares tumbled 34.7 percent to $1.11 after the company reported weak Q1 results and suspended its quarterly dividend.
  • Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL) shares declined 23.4 percent to $11.76 on fears that another political scandal will result in the impeachment of President Michel Temer. Temer, who ran on a platform of economic reform, has been in office for less than a year, but a new report by Brazilian newspaper O Globo has accused Temer of paying off a potential witness in an ongoing graft probe.
  • Banco Bradesco SA (ADR) (NYSE: BBD) shares tumbled 18.1 percent to $8.22 session. Stocks of US-listed Brazil-based companies seeing a substantial downside amid bribery allegations related to President Temer.
  • Banco Santander Brasil SA (ADR) (NYSE: BSBR) shares declined 17.8 percent to $7.26.
  • Companhia Brasileira de Distribuicao-ADR (NYSE: CBD) shares dipped 17.4 percent to $19.63.
  • Itau Unibanco Holding SA (ADR) (NYSE: ITUB) shares fell 16.3 percent to $10.50 after dipping 3.28 percent on Wednesday.
  • Gafisa SA (ADR) (NYSE: GFA) shares slipped 16 percent to $7.35.
  • Companhia Siderurgica Nacional (ADR) (NYSE: SID) shares dropped 15.6 percent to $2.00.
  • Companhia de Saneamento Basico (ADR) (NYSE: SBS) shares declined 15.7 percent to $8.48.
  • Gerdau SA (ADR) (NYSE: GGB) shares dipped 15.2 percent to $2.71 after declining 3.19 percent on Wednesday.
  • Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) dropped 14 percent to $8.85 amid bribery allegations related to President Temer.
  • Banco Bradesco S.A. (NYSE: BBDO) shares fell 13.7 percent to $7.98.
  • Pure Storage Inc (NYSE: PSTG) shares plunged 10.5 percent to $10.45. Morgan Stanley downgraded Pure Storage from Overweight to Equal-Weight.
  • Teekay Corporation (NYSE: TK) fell 8.3 percent to $6.66. Teekay reported a Q1 loss of $45.3 million on revenue of $543.5 million.
  • Cisco Systems, Inc. (NASDAQ: CSCO) shares declined 7.3 percent to $31.35. Cisco reported better-than-expected earnings for its third quarter, but issued a weak revenue forecast for the current quarter. Cisco also announced plans to cut an additional 1,100 jobs.
  • ZTO Express (Cayman) Inc (ADR) (NYSE: ZTO) shares slipped 6 percent to $13.20. ZTO reported Q1 adjusted earnings of $0.10 per share on sales of $379.9 million. The company also named Hongqun Hu as COO.

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