Morning Market Losers

Eleven Biotherapeutics Inc EBIO shares dipped 72.85 percent to $3.25 after the company reported top-line results from its Phase 3 study of EBI-005. The company said that it did not meet primary endpoint in the study. Recon Technology, Ltd. RCON shares declined 9.09 percent to $1.60. Recon Technology reported Q3 earnings of $0.05 per share on revenue of $3.3 million. Biostar Pharmaceuticals Inc BSPM shares slipped 7.35 percent to $1.26. Biostar Pharmaceuticals reported a Q1 net loss of $160,104 on top line sales of $6.9 million. JA Solar Holdings Co., Ltd. (ADR) JASO shares declined 5.33 percent to $9.57 after the company reported Q1 results. LeapFrog Enterprises, Inc. LF shares slipped 5.02 percent to $2.08 after the company reported that it is delaying its FQ4 earnings conference call scheduled for May 18, 2015. Yuma Energy, Inc. YUMA dropped 4.81 percent to $0.990. On Friday, Yuma Energy posted a Q1 loss of $0.06 per share on revenue of $5.9 million in the period. Chesapeake Energy Corporation CHK shares slipped 1.87 percent to $14.72. Goldman Sachs downgraded Chesapeake Energy from Buy to Neutral and lowered the price target from $19.00 to $16.00.