Gapping down
In reaction to disappointing earnings/guidance: DNB -15.2% (also Josh Peirez has been promoted to Chief Operating Officer, Co raises quarterly dividend by 10% to $0.44), PSMI -10.5%, (downgraded to Neutral from Overweight at JP Morgan), AFOP -9.9%, FN -7.7%, TTWO -6.7%, ARMH -5.2%, EW -3.7%, ACI -3.7%, TM -1.3%(also plans to sell Indonesian-made compact in Philippines, according to reports), BP -1.1%, BSX -0.8%, SIRI -0.6%, AGNC -0.3%.
M&A news: ARTC -2.7% (ArthroCare counterbid not liklely, according to NYTimes.com story).
A few oil/gas related names showing early weakness: SNP -1.3%, CEO -1.3%, HP -1% (Helmerich & Payne downgraded to Underperform from Neutral at Credit Suisse)CNQ -0.6%, RIG -0.5%, WLL -0.4%.
Other news: ABIO -11.7% (intends to offer and sell common stock and warrants in a public offering), JRCC -10.1% (seeing continued weakness following reports that the co hired debt advisor), HALO -5% (announces public offering Of $100 mln of its common stock), CPHD -5% (proposes to offer $250 mln principal amount of Convertible Senior Notes due 2021), CTIC -4.8% (still checking),GOLD -2% (following exec comments towards African mining countries), HLF -1.4% (following 4+ point move higher; prices offering of $1 bln aggregate principal amount of convertible senior notes due 2019; the Convertible Notes will pay interest semiannually at a rate of 2.00% per annum and upon conversion will be settled in cash, enters into amendment relating to its $500 mln senior term loan and $700 mln senior revolving loan credit facility ), AIXG -1.3% (following ARMH results), PACD -1% (provides fleet status report and revenue efficiency guidance: Sees FY14 Operating Fleet Average Revenue Efficiency of 90-94%).
Analyst comments: TTWO -6.1% (downgraded to Neutral from Outperform at Wedbush).
M&A news: ARTC -2.7% (ArthroCare counterbid not liklely, according to NYTimes.com story).
A few oil/gas related names showing early weakness: SNP -1.3%, CEO -1.3%, HP -1% (Helmerich & Payne downgraded to Underperform from Neutral at Credit Suisse)CNQ -0.6%, RIG -0.5%, WLL -0.4%.
Other news: ABIO -11.7% (intends to offer and sell common stock and warrants in a public offering), JRCC -10.1% (seeing continued weakness following reports that the co hired debt advisor), HALO -5% (announces public offering Of $100 mln of its common stock), CPHD -5% (proposes to offer $250 mln principal amount of Convertible Senior Notes due 2021), CTIC -4.8% (still checking),GOLD -2% (following exec comments towards African mining countries), HLF -1.4% (following 4+ point move higher; prices offering of $1 bln aggregate principal amount of convertible senior notes due 2019; the Convertible Notes will pay interest semiannually at a rate of 2.00% per annum and upon conversion will be settled in cash, enters into amendment relating to its $500 mln senior term loan and $700 mln senior revolving loan credit facility ), AIXG -1.3% (following ARMH results), PACD -1% (provides fleet status report and revenue efficiency guidance: Sees FY14 Operating Fleet Average Revenue Efficiency of 90-94%).
Analyst comments: TTWO -6.1% (downgraded to Neutral from Outperform at Wedbush).