Market Overview

12 Biggest Mid-Day Losers For Friday

  • TOP SHIPS Inc (NASDAQ: TOPS) shares dipped 57.6 percent to $1.02. TOP SHIPS enacted a 1:15 reverse stock split today.
  • ParkerVision, Inc. (NASDAQ: PRKR) shares dropped 13.9 percent to $2.10. ParkerVision disclosed that the German Court decision in infringement case against Apple awaits validity ruling.
  • Invivo Therapeutics Holdings Corp (NASDAQ: NVIV) shares dropped 13 percent to $3.17.
  • BlackBerry Ltd (NASDAQ: BBRY) shares declined 12.4 percent to $9.69. BlackBerry reported better-than-expected earnings for its third quarter, while revenue missed expectations.
  • Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares tumbled 12 percent to $29.69 after the company reported weaker-than-expected results for its first quarter. Deutsche Bank lowered the price target for Bed Bath & Beyond from $36 to $31.
  • Ocular Therapeutix Inc (NASDAQ: OCUL) dipped 11.8 percent to $10.18. Ocular Therapeutix disclosed that Antony Mattessich will succeed Dr. Amar Sawhney as CEO of the company. Morgan Stanley downgraded Ocular Therapeutix from Overweight to Equal-Weight.
  • Meridian Waste Solutions Inc (NASDAQ: MRDN) shares dropped 11.4 percent to $2.48.
  • American Software, Inc. (NASDAQ: AMSWA) fell 7 percent to $11.13. American Software reported preliminary Q4 adjusted earnings of $0.09 per share on revenue of $26.3 million.
  • Celsion Corporation (NASDAQ: CLSN) declined 6.8 percent to $2.45. Celsion reported cancellation of registered direct offering on Thursday.
  • bluebird bio Inc (NASDAQ: BLUE) shares slipped 6.6 percent to $110.65 after the company issued new data from HGB-205 study of LentiGlobin drug product.
  • Leju Holdings Ltd (ADR) (NYSE: LEJU) dropped 3.3 percent to $2.38. JP Morgan downgraded Leju Holdings from Neutral to Underweight.
  • Clovis Oncology Inc (NASDAQ: CLVS) fell 3.2 percent to $93.71. Oppenheimer initiated coverage on Clovis Oncology with a Perform rating.

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


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