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Market Overview

10 Biggest Mid-Day Losers For Monday

  • Performant Financial Corp (NASDAQ: PFMT) shares tumbled 27.8 percent to $1.82 after the company reported the termination of student loan recovery contract with its principal customer, Great Lakes Higher Education Guaranty Corp.
  • Celsion Corporation (NASDAQ: CLSN) shares dipped 23.4 percent to $2.45 after the company announced plans to sell 2 million shares of stock or pre-funded warrants at price of $2.75 per share.
  • Sorl Auto Parts, Inc. (NASDAQ: SORL) shares fell 9.6 percent to $6.31.
  • CGG SA (ADR) (NYSE: CGG) shares dropped 9.2 percent to $4.76.
  • EQT Corporation (NYSE: EQT) shares declined 9.1 percent to $53.45 after the company announced plans to buy Rice Energy Inc (NYSE: RICE) for $6.7 billion.
  • EXCO Resources Inc (NYSE: XCO) shares dropped 6 percent to $3.95.
  • Seattle Genetics, Inc. (NASDAQ: SGEN) shares fell 4.6 percent to $61.57 after the company disclosed that it has discontinued its Phase 3 CASCADE trial in frontline acute myeloid leukemia.
  • TESARO Inc (NASDAQ: TSRO) shares declined 3.5 percent to $139.30 after gaining 0.06 percent on Friday.
  • Allscripts Healthcare Solutions Inc (NASDAQ: MDRX) dropped 3.2 percent to $12.08. Leerink Swann downgraded Allscripts Healthcare from Outperform to Market Perform.
  • Appian Corp (NASDAQ: APPN) fell 2.7 percent to $17.73. Canaccord Genuity initiated coverage on Appian with a Hold rating, while Cowen initiated coverage on the stock with an Outperform rating.

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