Wednesday, April 9, 2014

Morning Market Losers

Related ISRG Benzinga's Top #PreMarket Losers Intuitive Surgical Plunges Following Preliminary First Quarter Results Stocks Sell Off as Shift from Risk Persists (Fox Business) Related MG Earnings Scheduled For April 8, 2014 Mistras Group Rises 6% After Q2 Earnings Beat

Intuitive Surgical (NASDAQ: ISRG) shares tumbled 8.04% to $450.45 after the company issued downbeat revenue forecast for the first-quarter. The company expected revenue of around $465 million, versus analysts' estimates of $535.5 million. Sterne Agee initiated coverage on the stock with an Underperform rating.

Mistras Group (NYSE: MG) shares fell 7.71% to $20.47 after the company reported downbeat Q3 earnings and lowered its FY14 EBITDA forecast

WD-40 Company (NASDAQ: WDFC) slipped 5.58% to $73.48 after the company reported weaker-than-expected FQ2 earnings.

Ashford Hospitality Trust (NYSE: AHT) shares declined 5.45% to $10.59 after the company priced 7.5 million shares at $10.70 per share.

Walter Energy (NYSE: WLT) fell 4.55% to $7.97 after UBS downgraded the stock from Neutral to Sell.

Alpha Natural Resources (NYSE: ANR) shares slipped 4.30% to $4.67 after UBS downgraded the stock from Neutral to Sell.

Relypsa (NASDAQ: RLYP) slipped 2.68% to $26.50 after the company announced a proposed public offering of $80 million in common stock.

Halozyme Therapeutics (NASDAQ: HALO) shares dropped 2.04% to $8.12 after the company reported a clinical hold of PEGPH20 pancreatic cancer trial amid voluntary halt.

General Motors Company (NYSE: GM) shares fell 2.03% to $33.83 as the company as has been fined $28 thousand by NHTSA for failing to respond to some requests.

Posted-In: market losersNews Movers & Shakers Intraday Update Markets

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