>>> US GA pping down


Gapping down
In reaction to disappointing earnings/guidance
: RARE -19.7%, LPSN -15.1%, RAX -14.5%, ATHX -13.7%, DEPO -10.7%, CLNE -9.5%, MTZ -7.6%, YY -7.5%, IPXL -7%, UNIS -6.6%, PAH -5.4%, AKAO -5.2%, ARWR -4.5%, LDR -3.9%, PBYI -3.5%, OME -3.4%, GPS -3.4%, JOBS -3.3%, CDTI -3.3%, JGW -2.9%, PVA -2.9%, OPK -2.9%, CRCM -2.8%, XONE -2.7%, PME -2.7%, HALO -2.4%, EGRX -2.3%, ZGNX -2.2%, KMDA -2%, UNXL -1.7%, DRNA -1.6%, MR -1.1%, MBI -1.1%, TWER -1.1%, TEP -1%, GBDC -0.9%, FXEN -0.9%, ACM -0.8%, STRI -0.8%, IMOS -0.7%, APP -0.5%

M&A news: VZ -0.9% (acquired by AOL for $50 per share, or ~$4.4 bln)

Select Airline related names showing weakness: DAL -1.3%, ALK -4.3%, TAL -1.9%, UAL -1.5%, LUV -1.1%.


Other news: NOR -23% ( announces a 22.84 mln share, secondary common stock offering, by selling stockholders affiliated with Apollo Global Management ), NLNK -20.5% ( IMPRESS Phase 3 pancreatic cancer trial with Algenpantucel-L to continue following second interim analysis ), MTZ -7.6% (discloses a delay in filing its Form 10-Q), IPXL -7% ( FDA performs GMP and pre-approval inspections of co's Hayward Facility), CBPX -6% (announces a secondary offering of 4.6 mln common stock shares by selling stockholders, which the co intends to purchase for ~$20 mln), XONE -2.7% (reported a delay in filing its form 10-Q for Quarter ending March, 2015), LL -2.6% (CNBC details news some Lumber Liquiditors (LL) insurers do not want to defend company in lawsuits), PUK -2.3% (announces that Pierre-Olivier Bouée is to step down as Group Chief Risk Officer), UAL -1.5% (still checking), NBG -1.4% (EU mkts lower today, cont uncertainty with Greece default)

Analyst comments: SFUN -3.7% (downgraded to Hold from Buy at Deutsche Bank), I -2.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley), POR -1.5% (downgraded to Neutral from Overweight at JP Morgan), MELI -1.1% (downgraded to Hold at Stifel)