Early Losers in Spotlight: Vera Bradley, Inc. (NASDAQ:VRA), Novavax, Inc. (NASDAQ:NVAX), UTi Worldwide (NASDAQ:UTIW), MannKind Corporation (NASDAQ:MNKD), Zillow Inc. (NASDAQ:Z)
Vera Bradley Inc. (NASDAQ:VRA) shares plunged as much as 20% after the women’s accessories company missed sales estimates and warned that things won’t bet better for some time. “Our traditional patterns and products simply are not attracting enough new customers to our brand, and overall traffic is down substantially,” said Chief Executive Robert Wallstrom. Vera Bradley, Inc. (NASDAQ:VRA) stock opened today at $22.90 and is currently trading at $23.96. The stock showed a negative weekly performance of -5.61%.
Novavax, Inc. (NASDAQ:NVAX) announced that it intends to offer to sell, subject to market and other conditions, $100 million of its common stock in an underwritten public offering. As part of this offering Novavax, Inc. intends to grant the underwriters a 30-day option to purchase up to an additional $15 million of its common stock. The success, the size and the terms of this offering cannot be guaranteed. Novavax, Inc. (NASDAQ:NVAX) stock opened at $4.69, in current trading session and currently is at $4.73, by losing -6.89%. The 52 week range of $1.68 – $6.95. Company’s market capitalization is 989.89 million.
UTi Worldwide (NASDAQ:UTIW) posted its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.05, Analyst Ratings Net reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.10 billion. UTi Worldwide Inc. (NASDAQ:UTIW) stock is currently trading at $10.06. The EPS of the stock is -0.73. Company’s market capitalization is 1.05 billion.
MannKind Corporation (NASDAQ:MNKD) will present at upcoming conferences: Goldman Sachs 35th Annual Global Healthcare Conference on June 12, 2014 at 11:20 am (PT) at the Terranea Resortin Rancho Palos Verdes, California. MannKind Corporation (NASDAQ:MNKD) stock opened the session at $10.90, and now is at $11.01. The 52 week range of the MannKind Corporation (NASDAQ:MNKD) stock remained $3.80 – $11.11 and the day range was $10.55 – $11.11.
Zillow Inc (NASDAQ:Z) has recently reported that largest monthly decline in sales in the last 3.5 years, which was revealed by the StreetEasy Condo Price Index. As per the new Condo StreetEasy Price forecast, the prices of condo are expected to remain unchanged through the selling season in the spring. Inc. (NASDAQ:Z) stock opened today at $116.44 and is currently trading at $115.25. The stock showed a negative weekly performance of -3.37%.
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