Gapping down
In reaction to disappointing earnings/guidance: RSH -23.2%, ACUR -13.2% (light volume), MDR -9.4%, MCP -3.6%, DXPE -2.4% (light volume), ASNA -2%, MMSI -1.5%, (light volume), MR -1.2%, (increases existing share repurchase program by $100 mln), PDLI -1%, (light volume), UVE -0.6%.
Metals/mining stocks trading lower: GFI -2.7%, HMY -2.4%, SLV -1.6%, GG -1.2%, GLD -1%, AU -0.9% ( downgraded to Sell from Neutral at UBS), GOLD -0.8%.
Other news: IRE -8.1% (Wilbur Ross & Fairfax have sold 6% stake in IRE, according to reports), MNDL -7.6% (announces public offering of common stock, size not disclosed), SNTA -6.5% (announces that Safi R. Bahcall, Ph.D., has resigned as President, Chief Executive Officer and a member of the Board of Directors; newly formed Executive Committee to act as principal executive body), BLRX -5.8% (announces public offering of its American Depositary Shares, size not disclosed), ARP -4% (announces public offering of 5.5 mln common units representing limited partner interests), ASC -3.2% (launches public offering of 6 mln shares of common stock), ACAD -2.6% (announces proposed public offering of $150 mln shares of common stock), RTI -2.1% (filed to delay its 10-K), COWN -1.6% (to offer $125 million of cash convertible senior notes), DVAX -1.1% (to receive $5.4 million milestone from AstraZeneca; AZN to assume responsibility for future clinical development of investigational TLR-9 Agonist for treatment of Asthma ), APAM -1.1% (announces commencement of public offering of 7 mln shares, OMER -0.9% ( Submits IND to Advance OMS721 Phase 2 Clinical Program), CG -0.3% (files for offering of 12,000,000 common units representing limited partner interests).
Analyst comments: WBMD -1.9% (downgraded to Hold from Buy at Stifel), DNDN -1.8% (downgraded to Market Perform from Outperform at Bernstein), CLF -0.8% (downgraded to Underperform from Market Perform at Wells Fargo), AVP -0.7% ( initiated with a Sell at UBS), HOT -0.5% ( downgraded to Neutral from Buy at Goldman; removed from America's Buy list), MSG -0.5% (downgraded to Hold from Buy at Needham), ISRG -0.4% (downgraded to Hold from Buy at Cantor).