Gapping down
In reaction to disappointing earnings/guidance: SITE -12.5%, CVTI -5.6%,ADBE -4%, HPQ -2.8%, FDX -1.9%, IDCC -0.9%
M&A news:TSLA -11.5% (Tesla makes offer to acquire SolarCity in exchange for Tesla common shares)
Other news: QEP -6.3% (commences 20 mln common share public offering),INO -5.4% (unfavorable commentary on Tuesday's Mad Money), UAM -4.2% (prices offering of $100 mln of Convertible Senior Notes due 2021; agrees to stock repurchase), TTM -2% (still checking), COT -1.8% (prices public common share offering on a bought deal basis), ETE -1.7% (slightly pulling back following yesterday's strength), PNFP -1.5% (Avenue Financial shareholders approve proposed merger with Pinnacle Financial Partners - merger is expected to close on or about July 1)
Analyst comments: ACAD -1.8% (downgraded to Neutral from Buy at BofA/Merrill), MCD -0.9% (downgraded to Neutral from Buy at Nomura)
In reaction to disappointing earnings/guidance: SITE -12.5%, CVTI -5.6%,ADBE -4%, HPQ -2.8%, FDX -1.9%, IDCC -0.9%
M&A news:TSLA -11.5% (Tesla makes offer to acquire SolarCity in exchange for Tesla common shares)
Other news: QEP -6.3% (commences 20 mln common share public offering),INO -5.4% (unfavorable commentary on Tuesday's Mad Money), UAM -4.2% (prices offering of $100 mln of Convertible Senior Notes due 2021; agrees to stock repurchase), TTM -2% (still checking), COT -1.8% (prices public common share offering on a bought deal basis), ETE -1.7% (slightly pulling back following yesterday's strength), PNFP -1.5% (Avenue Financial shareholders approve proposed merger with Pinnacle Financial Partners - merger is expected to close on or about July 1)
Analyst comments: ACAD -1.8% (downgraded to Neutral from Buy at BofA/Merrill), MCD -0.9% (downgraded to Neutral from Buy at Nomura)