Morning Market Losers

Pieris Pharmaceuticals Inc PIRS shares declined 18.10 percent to $2.67. Pieris Pharmaceuticals priced public offering of 9,090,909 shares of common stock at $2.75 per share. MBIA Inc. MBI shares dipped 17.27 percent to $5.27. Apollo Education Group Inc APOL shares dropped 14.80 percent to $13.24. Apollo Education reported better-than-expected earnings for its fiscal third quarter. However, the company lowered its forecast for the year ending in August. Tuesday Morning Corporation TUES fell 11.53 percent to $11.67. Tuesday Morning announced the resignation of its CFO Jeffrey Boyer. Schnitzer Steel Industries, Inc. SCHN shares dropped 7.74 percent to $17.78. Schnitzer Steel reported a FQ3 loss of $9.6 million. Abercrombie & Fitch Co. ANF shares slipped 2.71 percent to $21.54. FBR Capital downgraded Abercrombie & Fitch from Outperform to Market Perform and maintained the price target of $24.00. Herman Miller, Inc. MLHR shares slipped 2.18 percent to $29.20. Longbow Research downgraded Herman Miller from Buy to Neutral. Randgold Resources Ltd. (ADR) GOLD shares declined 1.50 percent to $67.66. Gold futures slipped 0.78 percent to trade at $1,169.80 an ounce.