Morning Market Losers

Mechel OAO MTL shares slipped 26.21% to $1.07. Russian Economy Minister Alexei Ulyukayev said Saturday, bankruptcy most likely scenario for Mechel, Reuters reported. CARBO Ceramics CRR shares declined 16.36% to $70.69 after the company provided an update concerning marketplace conditions and related impact to sales volumes. TriMas TRS dropped 9.14% to $26.84 after the company cut its full-year profit outlook. AutoZone AZO slipped 4.40% to $503.28. The company's quarterly revenue missed analysts' estimates. However, the company reported upbeat quarterly earnings. Yahoo! YHOO shares fell 2.81% to $39.78 trading after Bank of America downgraded the stock from Buy to Neutral. Alibaba Group Holding BABA shares declined 2.55% to $91.50 after jumping 38% on its first day of trading. MKM Partners initiated coverage on Alibaba with a Buy rating and a $125.00 price target. Kandi Technolgies Group KNDI shares dropped 2.32% to $14.67 after dropping 2.40% on Friday. Walgreen Co WAG declined 2.10% to $61.56 after Barclays downgraded the stock from Overweight to Equal-weight and lowered the price target from $92.00 to $68.00.