Morning Market Losers

Ocular Therapeutix, Inc. OCUL shares fell 19.84% to $30.70 after the company issued topline clinical data for second Phase 3 trial of OTX-DP. Genesis Energy LP GEL shares dipped 5.90% to $44.18 after the company priced an offering of 4 million units at $44.42 per unit. General Motors Company GM shares declined 1.87% to $35.97 following the report of sale of 73.4 million shares by the Canadian government. Dyax Corp. DYAX shares slipped 1.43% to $28.20 after the company announced a proposed 7 million share public offering. American Express Company AXP shares slipped 1% to $78.86. Oppenheimer downgraded American Express from Market Perform to Underperform. Viacom, Inc. VIAB shares dropped 0.76% to $68.08 after the company issued details of strategic realignment. The company projected a pretax charge of $785 million in the second quarter and announced its plans to reduce headcount. The company also said it will temporarily halt its stock buyback program. Schnitzer Steel Industries, Inc. SCHN fell 0.50% to $15.95 after the company reported a wider-than-expected loss for the second quarter and announced its plans to reduce costs.