Morning Market Losers

Cliffs Natural Resources CLF shares dipped 14.99% to $8.68 following a company announcement that it is pursuing exit options for its Eastern Canadian iron ore operations, which may result in the closure of the Bloom Lake mine. Constellium NV CSTM declined 11.99% to $18.45 on Q3 results. Vipshop Holdings VIPS shares fell 11.51% to $20.98. Vipshop beat third-quarter expectations Tuesday and offered a fourth-quarter outlook in-line with Wall Street's views. Xueda Education Group XUE shares dropped 10.57% to $2.37 after the company reported a Q3 loss of $0.14 per share on revenue of $72.60 million. Leju Holdings LEJU shares slipped 9.99% to $12.75 after the company reported downbeat Q3 revenue and issued a weak Q4 revenue forecast. BlackBerry BBRY shares tumbled 5.39% to $10.18 after Morgan Stanley downgraded the stock from Equal-weight to Underweight. Clovis Oncology CLVS shares dipped 4.18% to $51.53 following the mixed report on CO-1686 Phase 2 data. Tesla Motors TSLA shares slipped 2.66% to $250.85 after Morgan Stanley's Adam Jones lowered his expectations for Tesla Motors 2015 Model X deliveries to 5,000 from 15,000.