20 Biggest Mid-Day Losers For Wednesday

by Lisa Levin, Benzinga Editor
November 9, 2016 1:10 PM | 3 min read |

 

  • AgroFresh Solutions Inc AGFS shares declined 39.7 percent to $2.83. AgroFresh posted Q3 earnings of $0.15 per share on revenue of $61.2 million.
  • Community Health Systems CYH shares fell 27.6 percent to $4.30. Community Health shares have dropped 76.39 percent over the past 52 weeks, while the S&P 500 index has gained 2.93 percent in the same period.
  • Arrowhead Pharmaceuticals Inc ARWR dropped 27.2 percent to $4.45 as the company disclosed that it has been notified verbally by the FDA of its decision to place clinical hold on Heparc-2004.
  • Tenet Healthcare Corp THC dropped 25.4 percent to $15.12. Bank of America downgraded Tenet Healthcare from Buy to Neutral and lowered the price target from $32.00 to $25.00.
  • Primero Mining Corp PPP shares fell 24.3 percent to $0.991. Primero posted a Q3 loss of $0.06 per share on revenue of $57 million.
  • Impax Laboratories Inc IPXL declined 20.8 percent to $13.95 after the company posted downbeat Q3 results and lowered its FY 2016 guidance.
  • Revolution Lighting Technologies Inc RVLT dropped 19.6 percent to $5.59. Revolution Lighting posted upbeat Q3 earnings, but revenue missed estimates.
  • Tripadvisor Inc TRIP shares declined 16.7 percent to $52.60 after the company reported weaker-than-expected revenue for its third quarter on Tuesday.
  • MAXIMUS, Inc. MMS shares fell 15.5 percent to $46.03. Raymond James downgraded Maximus from Outperform to Market Perform.
  • SunPower Corporation SPWR shares slipped 15 percent to $6.24. SunPower is expected to release quarterly earnings after the closing bell. Bank of America downgraded SunPower from Buy to Neutral and lowered the price target from $20.00 to $10.00.
  • HCA Holdings Inc HCA declined 14.5 percent to $69.12. Mizuho downgraded HCA from Buy to Neutral.
  • Kansas City Southern KSU dropped 13.5 percent to $80.09. Aegis Capital downgraded Kansas City Southern from Buy to Hold.
  • LifePoint Health Inc LPNT shares fell 12.5 percent to $37.41. Bank of America downgraded LifePoint Health from Neutral to Underperform and lowered the price target from $66.00 to $59.00.
  • Coty Inc COTY shares dropped 10.7 percent to $19.55 after the company delivered downbeat quarterly earnings.
  • Universal Health Services, Inc. UHS shares fell 8.9 percent to $116.65. Bank of America downgraded Universal Health from Buy to Neutral and lowered the price target from $150.00 to $135.00.
  • Vivint Solar Inc VSLR shares dropped 8.6 percent to $2.92. Vivint Solar reported a Q3 loss of $0.36 per share on revenue of $41.3 million.
  • Constellation Brands, Inc. STZ slipped 8 percent to $153.16. Bank of America downgraded Constellation Brands from Neutral to Underperform.
  • Globus Medical Inc GMED shares fell 7.3 percent to $20.70 as the company posted downbeat quarterly revenue and issued a weak FY16 forecast. JMP Securities downgraded Globus Medical from Market Outperform to Market Perform.
  • Magna International Inc. (USA) MGA shares declined 6.1 percent to $37.41. Bank of America downgraded Magna from Buy to Underperform and lowered the price target from $54.00 to $36.00.
  • GoPro Inc GPRO fell 5.7 percent to $10.24 after the company announced a recall of 2,500 units of brand new drone product called Karma. Wedbush downgraded GoPro from Outperform to Neutral and lowered the price target from $12.00 to $9.00.
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