Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ULH -11%, AZZ -6%, AYI -5.9%, CRM -3.3%, (issued guidance at ongoing Dreamforce conference), MU -2.6%
M&A news:
- CRM -3.3% (speculation co may be interested in bidding for TWTR)
Other news:
- CASC -4.8% (approves reverse split)
- AAAP -1.2% (ticking lower; commenced an underwritten public offering of $125 million of American Depositary Shares)
- SDRL -1.1% (modest pullback following yesterday's advance)
- DEO -0.9% (will not proceed with potential offer to increase equity stake in Guinness Nigeria)
Analyst comments:
- GNW -1% (downgraded to Neutral from Buy at BTIG Research)
- TRIB -0.9% (downgraded to Equal Weight from Overweight at a boutique firm)