Morning Market Losers

Shire plc SHPG shares declined 22.01% to $190.73 as AbbVie ABBV said it will reconsider its merger agreement due to proposed changes in tax regulations. Key Tronic KTCC dropped 15.64% to $8.52 after the company reported preliminary results. The company expected a Q1 loss of $0.14 to $0.17 per share on sales of $75.0 million. iGATE IGTE shares declined 12.89% to $30.28 on Q3 results. The company reported a quarterly profit of $37.3 million, versus a year-ago profit of $31.9 million. KeyCorp. KEY shares slipped 5.62% to $12.17 after the company reported weaker-than-expected third-quarter results. AbbVie ABBV shares fell 3.64% to $52.16 as the company said it will reconsider its merger agreement with Shire due to proposed changes in tax regulations. Bank of America BAC shares declined 2.54% to $16.10 after the company reported Q3 results. ASML Holding NV ASML dropped 2.44% to $90.45 after the company reported a 26% rise in its third-quarter net profit and confirmed its forecast for the full year.