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Market Overview

15 Biggest Mid-Day Losers For Friday

  • Teekay Offshore Partners L.P. (NYSE: TOO) declined 18.6 percent to $2.71. Morgan Stanley downgraded Teekay Offshore from Equal-Weight to Underweight.
  • Eyegate Pharmaceuticals Inc (NASDAQ: EYEG) shares dropped 16.7 percent to $1.40 after the company disclosed a $10 million offering of common stock and warrants.
  • Rite Aid Corporation (NYSE: RAD) shares fell 14.3 percent to $3.03 amid report of FTC preparing an advice to block deal with Walgreens.
  • Cloudera Inc (NASDAQ: CLDR) shares declined 14 percent to $19.78. Cloudera reported Q1 adjusted loss of $0.27 per share on revenue of $79.6 million.
  • Endo International plc (NASDAQ: ENDP) tumbled 13.7 percent to $11.90 in reaction to the U.S. Food and Drug Administration's request for the company to withdraw from the market its opioid painkiller called Opana ER.. Stifel Nicolaus downgraded Endo from Buy to Hold. Stifel Nicolaus downgraded Endo from Buy to Hold.
  • KMG Chemicals, Inc. (NYSE: KMG) shares declined 12.7 percent to $52.53. KMG reported Q3 adjusted earnings of $0.53 per share on sales of $81.6 million.
  • HNI Corp (NYSE: HNI) dropped 11 percent to $40.01 after the company lowered its earnings forecast.
  • Actuant Corporation (NYSE: ATU) declined 8.6 percent to $24.88. Actuant lowered its Q3 adjusted earnings guidance.
  • Mesoblast limited (ADR) (NASDAQ: MESO) shares fell 8.2 percent to $8.15.
  • Teekay Corporation (NYSE: TK) shares slipped 8.1 percent to $5.90. Morgan Stanley downgraded Teekay from Equal-Weight to Underweight.
  • Ferrellgas Partners, L.P. (NYSE: FGP) dropped 5.3 percent to $5.04 as the company posted downbeat quarterly results.
  • CGG SA (ADR) (NYSE: CGG) shares declined 5.3 percent to $5.13 after dropping 1.73 percent on Thursday.
  • Snap Inc (NYSE: SNAP) slipped 4 percent to $18.06. Citigroup downgraded Snap from Buy to Neutral.
  • Digital Realty Trust, Inc. (NYSE: DLR) shares declined 3.4 percent to $112.79 after the company announced plans to merge with DuPont Fabros.
  • VeriFone Systems Inc (NYSE: PAY) fell 3.3 percent to $17.71 after the company posted a loss for the second quarter and lowered its FY17 outlook.

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