Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- TLRD -14.5%, AXTI -4.4%, ANF -4.3%, TACO -2.5%, C -1.7%, HOME -1.1%
M&A news:
- NEM -6.1% (to acquire Goldcorp in a stock-for-stock transaction valued at $10 bln)
Select Tech related names showing weakness:
- WDC -5%, MU -2.9%, SQ -2.1%, AMZN -1.9%, AMD -1.7%, STX -1.6%, TWTR -1.3%, NVDA -1.3%, TSLA -1.3%, FB-1%, LRCX -0.9%
Other news:
- PCG -41.7% (discloses in regulatory filing that it has determined that commencing reorganization cases under Chapter 11 of the U.S. Bankruptcy Code is appropriate, necessary and in the best interests of all stakeholders)
- VRNA -13% (reports top-line data from Phase 2 trial -- Primary endpoint was not met with statistical significance)
- USAT -8.3% (CFO resigned)
- ATHM -6.7% (conintued weakness)
Analyst comments:
- WDC -4.9% (downgraded to Underperform from In-line at Evercore ISI)
- DAL -2% (downgraded to Neutral from Buy at BofA/Merrill)
- XPO -1.8% (downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts)
- PPL -1.4% (downgraded to Underperform from Neutral at BofA/Merrill)
- CF -1.1% (downgraded to Mkt Perform from Outperform at Bernstein)