Mercadolibre, Kronos, GPOR Among Top Stock Price Percentage Losers May 9th
Mercadolibre Inc (NASDAQ:MELI): After MercadoLibre reported weaker than expected Q1 results, Pacific Crest continues to expect the company to generate 30%-35% growth over the next several years. The firm recommends buying the stock. The shares closed at $77.08, down $10.91, or 12.4%. They have traded in a 52-week range of $48.30 to $104.50.
Kronos Worldwide, Inc. (NYSE:KRO): Cites higher TiO selling prices, sales volumes, production volumes. The shares closed at $20.16, down $2.7, or 11.81%. They have traded in a 52-week range of $14.16 to $34.50.
W&T Offshore, Inc. (NYSE:WTI): Reports Q1 revenue $235.9M, consensus $247.9M. Production volumes averaged 49,226 barrels of oil equivalent per day, or 295.4 MMcfe gas equivalent per day, representing a 17% increase over the same quarter in 2011. The shares closed at $17.34, down $1.79, or 9.36%. They have traded in a 52-week range of $11.87 to $29.27.
Gulfport Energy Corporation (NASDAQ:GPOR): After Gulfport reported lower than expected Q1 EPS, Sterne Agee believes that the stock has already baked in lower expectations. The firm sees no underlying asset degradation and maintains a $44 target and Buy rating. The shares closed at $21.44, down $1.69, or 7.31%. They have traded in a 52-week range of $18.72 to $37.80.
Millennial Media, Inc. (NYSE:MM): Millennial Media initiated with a Neutral at Goldman. Share price target is $19. The shares closed at $14.90, down $1.32, or 8.14%. They have traded in a 52-week range of $15.37 to $27.90.
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