Morning Market Losers

Spherix SPEX dropped 37.57% to $2.16 after jumping 16.50% on Wednesday. Spherix announced a $20 million registered direct offering of preferred stock. Tilly's TLYS shares fell 20.20% to $8.44 after the company reports its Q1 earnings of $0.02 per share on revenue of $111.10 million and issued a weak Q2 outlook. Gordmans Stores GMAN shares dropped 13.03% to $4.34 after the company reported a Q1 loss of $0.04 per share. Fabrinet FN slipped 6.23% to $18.35 after the company priced a secondary offering by selling shareholder of 3.15 million shares. ReneSola SOL shares declined 4.81% to $2.57 after the company reported a Q1 loss of $0.07 per share on revenue of $415.0 million. Air Industries Group AIRI shares dropped 4.17% to $10.39 after the company announced a 1.17 million share sale in a direct offering for $9 per share.