Morning Market Losers

Otonomy Inc OTIC shares dipped 22.09 percent to $24.19 after the company announced Phase 2b topline data for OTO-104 in Meniere's disease. JP Morgan downgraded Otonomy from Overweight to Neutral and lowered the price target from $42.00 to $30.00. Viggle Inc VGGL shares tumbled 17.48 percent to $2.55 after the company priced an offering of 3.626 million shares at $2.50 per share. Aeropostale Inc ARO shares dipped 16.80 percent to $2.15 after the company reported a wider-than-expected loss for the first quarter. Qunar Cayman Islands Ltd QUNR shares fell 8.41 percent to $48.44 after rising 4.77 percent on Thursday. Esperion Therapeutics Inc ESPR shares dropped 6.79 percent to $106.05. Marvell Technology Group Ltd. MRVL shares slipped 5.57 percent to $13.57. Marvell Technology reported better-than-expected earnings for the first quarter. However, the company reported downbeat Q1 revenue and issued a weak forecast for the second quarter. The Fresh Market Inc TFM shares declined 4.32 percent to $32.31. Fresh Market reported better-than-expected earnings for the first quarter, but the company's sales missed analysts' estimates.