12 Biggest Mid-Day Losers For Wednesday

Telefonaktiebolaget LM Ericsson ERIC shares dropped 19.1 percent to $5.67 after the company issued a profit warning for the third quarter.
IEC Electronics Corp IEC shares declined 18.4 percent to $4.16. IEC Electronics confirmed workforce reduction of 73 employees.
Biostar Pharmaceuticals Inc BSPM shares dipped 17 percent to $4.61 after climbing 61.81 percent on Tuesday.
Adaptimmune Therapeutics PLC – ADR ADAP shares fell 11.3 percent to $5.82 after the company issued an update on clinical study evaluating its SPEAR® T-cell therapy targeting NY-ESO-1 in ovarian cancer.
Fortinet Inc FTNT shares declined 11.2 percent to $30.27 after the company lowered its outlook for the third quarter on Tuesday.
RXi Pharmaceuticals Corp RXII shares fell 10.7 percent to $1.52 after the company announced plans to conduct securities offering.
MGT Capital Investments Inc. MGT slipped 9.6 percent to $2.26 after gaining 39.66 percent on Tuesday.
Theravance Biopharma Inc TBPH shares declined 9.2 percent to $34.00. Baird downgraded Theravance Biopharma from Neutral to Underperform.
Nokia Corp (ADR) NOK shares dropped 4.6 percent to $5.14 on the heels of Ericsson warning.
LPL Financial Holdings Inc LPLA shares fell 4.3 percent to $31.60. JP Morgan downgraded LPL Financial from Overweight to Neutral.
Alcoa Inc AA dropped 3 percent to $27.10. Bank of America downgraded Alcoa from Buy to Neutral.
FireEye Inc FEYE shares slipped 2 percent to $13.05 on Fortinet warning.