Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- INST -19.4%, ARNC -13%, NLS -11.4%, MCEP -10.8%, BKD -9.9%
- LB -8.2%, (L Brands lowers Q3 EPS guidance ahead of its Investor Update Meeting; sees October same store sales +1% vs +LSD growth guidance )
- RAIL -6.3%, TEX -5.6%, PBI -5.3%, STRL -4.3%, ALLT -3.7%, ETN -3.1%, MPWR -3%, HCLP -2.7%, ( Chief Operating Officer Jefferies Alston, III resign)
- CMI -2.6%, DKL -2.4%, EMR -2.3%, HCP -2.2%, PFE -2.1%, OXY -1.9%, BP -1.7%
Other news:
- NVCN -39.2% (announces that Judge Burroughs upheld the jury's verdict and $70 mln award against the co and awarded $21 mln in enhanced damages to that award)
- NETE -3.5% (thinly traded; discloses that it, Paystar, and Nexcharge have terminated the binding letter of intent dated July 21, 2016)
- EFC -2.3% (ticking lower, announces third quarter dividend of $0.45 per share, down from prior $0.50/share)
- BABA -1.9% (insider might be helping SEC with investigation, according to NY Post)
Analyst comments:
- AMFW -3.2% (downgraded to Equal Weight from Overweight at Barclays)
- WM -0.9% (initiated with a Sell at Goldman)
- MA -0.7% (downgraded to Neutral from Buy at Guggenheim)