Ascena Retail Group IncASNA 30.14% shares dipped 37.8 percent to $1.75 after the company lowered its Q3 and FY17 guidance.
Endologix, Inc.ELGX 35.96% shares dropped 35 percent to $4.38 after the company issued an update on Nellix System US regulatory status. Following meeting with the FDA, Endologix will seek US approval by conducting a confirmatory clinical study with the IFU and Gen2 device design. Stifel Nicolaus downgraded Endologix from Buy to Hold.
Stein Mart, Inc.SMRT 37.06% shares tumbled 34.7 percent to $1.11 after the company reported weak Q1 results and suspended its quarterly dividend.
Gol Linhas Aereas Inteligentes SA (ADR) GOL 26.05% shares declined 23.4 percent to $11.76 on fears that another political scandal will result in the impeachment of President Michel Temer. Temer, who ran on a platform of economic reform, has been in office for less than a year, but a new report by Brazilian newspaper O Globo has accused Temer of paying off a potential witness in an ongoing graft probe.
Banco Bradesco SA (ADR)BBD 18.73% shares tumbled 18.1 percent to $8.22 session. Stocks of US-listed Brazil-based companies seeing a substantial downside amid bribery allegations related to President Temer.
Banco Santander Brasil SA (ADR) BSBR 20.48% shares declined 17.8 percent to $7.26.
Companhia Brasileira de Distribuicao-ADRCBD 15.1% shares dipped 17.4 percent to $19.63.
Itau Unibanco Holding SA (ADR)ITUB 18.24% shares fell 16.3 percent to $10.50 after dipping 3.28 percent on Wednesday.
Gafisa SA (ADR) GFA 16.57% shares slipped 16 percent to $7.35.
Companhia Siderurgica Nacional (ADR) SID 17.3% shares dropped 15.6 percent to $2.00.
Companhia de Saneamento Basico (ADR) SBS 17.3% shares declined 15.7 percent to $8.48.
Gerdau SA (ADR)GGB 14.58% shares dipped 15.2 percent to $2.71 after declining 3.19 percent on Wednesday.
Petroleo Brasileiro SA Petrobras (ADR)PBR 16.57% dropped 14 percent to $8.85 amid bribery allegations related to President Temer.
Pure Storage IncPSTG 13.84% shares plunged 10.5 percent to $10.45. Morgan Stanley downgraded Pure Storage from Overweight to Equal-Weight.
Teekay Corporation TK 8.06% fell 8.3 percent to $6.66. Teekay reported a Q1 loss of $45.3 million on revenue of $543.5 million.
Cisco Systems, Inc.CSCO 7.61% shares declined 7.3 percent to $31.35. Cisco reported better-than-expected earnings for its third quarter, but issued a weak revenue forecast for the current quarter. Cisco also announced plans to cut an additional 1,100 jobs.
ZTO Express (Cayman) Inc (ADR)ZTO 5.84% shares slipped 6 percent to $13.20. ZTO reported Q1 adjusted earnings of $0.10 per share on sales of $379.9 million. The company also named Hongqun Hu as COO.