$MIK is one of biggest losers #stocks today. read more:

The Michaels Companies, Inc. (symbol: MIK) was one of the worst losers of
the trading day today (2016-06-07), losing -8.13%. The number of shares
that changed hands was 7,021,201, or about 5 times the average daily volume
in the stock.
The closing price was $27.69, amounting to a market cap of $5,790,000,000,
about -11.72% off the highest price in the last 12 months. The stock has
been trading at a range between $19.46 and $31.36.
MIK is in the Recreational Products/Toys industry, part of the Consumer
Services sector. It first went public in 2014.
Looking at its valuation, the stock is now trading at 16.05 times earnings.