Benzinga’s Biggest Losers (PIP, ADAT, KR, SVU, AIB)

Movado Group, Inc (NYSE: MOV) has plunged 18.25% to $8.87 on 1.13 million shares after Movado posted a lower-than-expected adjusted quarterly profit, hurt by high levels of destocking as retailers continued to focus on very tight inventory control.

U.S. Concrete, Inc. (NASDAQ: RMIX) fell 9.24% to $1.08 on 1.40 million shares. So far this year, RMIX is down over 67%. The 52-week range of RMIX is $0.64-$4.49.

Frontier Communications Corp (NYSE: FTR) is trading lower by 5.62% to $7.72 after DA Davidson cut its rating on Frontier Communications to underperform from neutral. So far this year, the stock is down over 11%.

The Men's Wearhouse, Inc. (NYSE: MW) shares are down 9.57% to $19.75 after MW reported Q3 EPS of $0.37, versus the analyst estimate of $0.33. Revenue for the quarter was $462 million, compares to the estimate of $454.5 million.

Repligen Corporation (NASDAQ: RGEN) fell 15.42% to $3.95 after a late-stage trial of its pancreatic imaging agent RG1068 to improve magnetic resonance imaging (MRI) of the pancreas in patients with a history of pancreatitis did not meet its main goal. So far this year, shares of RGEN have risen about 5%. The 52-week range for AIB is $0.72-$10.72.