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15 Biggest Mid-Day Losers For Thursday

  • Pier 1 Imports Inc PIR 13.33% shares dropped 14 percent to $4.13 after the company reported weak preliminary results for its second quarter. The company also announced that its Alex Smith will step down as CEO at the end of the year. Credit Suisse downgraded Pier 1 Imports from Neutral to Underperform, while Oppenheimer downgraded the stock from Outperform to Perform.
  • Hewlett Packard Enterprise Co HPE 2.85% shares slipped 2.3 percent to $21.58. Hewlett Packard Enterprise posted better-than-expected Q3 earnings, but revenue missed estimates. Hewlett Packard Enterprise also announced it was spinning off and merging its software division with Britain’s Micro Focus International PLC, in a deal valued at roughly $8.8 billion.

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