Gapping down
In reaction to disappointing earnings/guidance: ITRI -21.4% (downgraded by multiple analysts), ANGI -19.6%, CADC -13.6% (thinly traded), PRCP -13%, ( announces appointments of Keith Marchiando as Chief Financial Officer and Mark Hoefing as Chief Operating Officer), CAB -11.2%, LF -10.5% (also announces $30 mln buyback), BGC -9.1%, (light volume), URS -8.8%, WFM -8.4%, NURO -7.6% (light volume), LPSN -7.3%, CTRP -6.8%, CAMT -6.1%, SPWR -4.5%, FNF -4.5% (light volume), NTAP -4.4%, CSCO -4.2%, BGS -3.9% (also downgraded to Neutral from Overweight at Piper Jaffray), MDLZ -3%, LYG -3%, ABB -2%, CTL -1.8%, GG -1.7%, DISCA -1.3% (light volume), AEM -1%, APA -0.3%, NTES -0.2%.
M&A news: CMCSA -3.2% (Time Warner Cable confirms merger with Comcast in a stock-for-stock transaction amounting to ~ $45.2 bln in equity value), LORL -0.3% (pulling back after seeing late spike; KKR and Apax Partners among five PE firms weighing bids for Telesat, according to reports), .
Solar names lower following SPWR results:JKS -2.6%, SUNE -0.9%, TSL -0.5%,
Brazil names under pressure following disappointing retail data: OIBR -5.6%, GFA -3.3%, ABEV -3.3%, BSBR -3.2%, GOL -2.7%, ITUB -1.8%, TSU -1.4%, PBR -1.4%, VALE -1.4%
Other news: DRRX -30.8% (receives Complete Response letter from FDA for POSIDUR), MDCO -9.4% (confirms FDA Advisory Committee recommends against antiplatelet therapy cangrelor; downgraded to Hold from Buy at Jefferies), CHTR -6.2% (following TWC / CMCSA news), VRNG -5% (following business update call), ATRC -3.3% (announces commencement of public offering of common stock; selling shareholders are also involved in the offering), TSLA -2.7% (still checking), TFM -2.5% (following WFM results), KBR -2.2% (following URS guidance), AKAM -1.9% (announces proposed offering of $500 mln convertible senior notes due 2019, CFX -1.6% (announces agreement to acquire Victor Technologies for total consideration of $947.3 mln, including assumption of deb; transaction expected to be immediately accretive to adjusted EPS and free cash flow; announces Conversion of Preferred Shares), BAH -1.5% (announces sale of 7,350,000 shares common stock by affiliate of The Carlyle Group), TWTR -1.5% (still checking), SFM -1% (following WFM results), YELP -0.8% (following ANGI results)
Analyst comments: DEPO -4.5% (downgraded to Neutral from Buy at ROTH Capital), AVGO -1.4% (downgraded to Market Perform from Outperform at JMP Securities), REGN -0.4% (downgraded to Perform from Outperform at Oppenheimer).