Today's Big Losers: CPTS, RGS, BGFV, MYGN Friday, July 9, 3:35 PM ET
Women's healthcare company Conceptus (CPTS) disappointed investors after the bell Thursday, warning it now expects a second quarter loss versus prior guidance for a small profit. Investors punished Conceptus shares in early trading Friday, sending the stock lower by about 20%.
Hair care company Regis Corporation (NASDAQ:RGS) announced its quarterly revenues fell 5.6%, on a same store sales decline of 2.7%. Regis shares fell about 10% on the news.
Shares of Big 5 Sporting Goods (NASDAQ:BGFV) were off 9%; the company updated its second quarter guidance after top-line results came in worse than expected. Same store sales were down half a percent, which the company blamed on the sluggish pace of the economic recovery.
And shares of Myriad Genetics (NASDAQ:MYGN) fell about 7%, after J.P. Morgan (NYSE:JPM) lowered its rating on the company from overweight down to neutral, and lowered its target on the stock by 10 dollars per share, down to $18 from the prior target of $28.
Orchestra BioMed Holdings is Now Oversold (OBIO) Friday, April 26, 4:33 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Noah Holdings (NOAH) Shares Cross Above 200 DMA Friday, April 26, 4:10 PM ET, by Market News Video Staff In trading on Friday, shares of Noah Holdings Ltd (NOAH) crossed above their 200 day ...
Shares of SHM Now Oversold Friday, April 26, 4:10 PM ET, by Market News Video Staff In trading on Friday, shares of the SPDR Nuveen Bloomberg Short Term Municipal Bond ETF ...
PAG Crosses Above Key Moving Average Level Friday, April 26, 4:09 PM ET, by Market News Video Staff In trading on Friday, shares of Penske Automotive Group Inc (PAG) crossed above their 200 ...
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