Morning Market Losers

Synageva BioPharma GEVA shares tumbled 8.22% to $96.19 after the company reported that Phase 3 study met primary endpoint and six secondary endpoints across multiple disease-related abnormalities. Citigroup initiated coverage on Synageva BioPharma with a Neutral rating. Acuity Brands AYI shares dropped 4.95% to $131.41 after the company reported weaker-than-expected third-quarter results. River Valley Bancorp RIVR tumbled 4.65% to $21.33 after the company priced an underwritten public offering of 825,000 shares at a price of $20.50 per share. Generac Holdings GNRC shares dropped 4.49% to $46.55. Bank of America downgraded Generac from Buy to Neutral. MannKind MNKD tumbled 3.95% to $10.53 after surging 9.60% on Monday. MLV & Co analyst Graig C. Suvannavejh downgraded MannKind from Buy to Hold. Western Gas Equity Partners LP WGP shares fell 3.57% to $60.46 as the company priced 5 million units at $60.19 per unit. Urban Outfitters URBN shares declined 2.54% to $33.00 as Wedbush downgraded the stock from Outperform to Neutral.