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

Telecom Italia S.P.A. New (symbol: TI) was one of the worst losers of the
trading day today (2016-06-24), losing -20.02%. The number of shares that
changed hands was 678,730, or about 2 times the average daily volume in the
stock.
The closing price was $7.51, amounting to a market cap of $14,540,000,000,
about -47.04% off the highest price in the last 12 months. The stock has
been trading at a range between $7.5 and $14.18.
TI is in the Telecommunications Equipment industry, part of the Consumer
Services sector.
Looking at its valuation, the stock is now trading at 46.94 times earnings.