$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 (2017-01-25), losing -6.84%. The number of shares
that changed hands was 10,976,235, or about 6 times the average daily
volume in the stock.
The closing price was $20.29, amounting to a market cap of $4,150,000,000,
about -35.31% off the highest price in the last 12 months. The stock has
been trading at a range between $19.95 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 11.58 times earnings.