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

Methode Electronics, Inc. Commo (symbol: MEI) was one of the worst losers
of the trading day today (2016-09-01), losing -7.15%. The number of shares
that changed hands was 627,561, or about 2 times the average daily volume
in the stock.
The closing price was $34.03, amounting to a market cap of $1,250,000,000,
about -8.64% off the highest price in the last 12 months. The stock has
been trading at a range between $23.83 and $37.25.
MEI is in the Electrical Products industry, part of the Capital Goods
sector.
Looking at its valuation, the stock is now trading at 15.47 times earnings.