Gapping down
In reaction to disappointing earnings/guidance: HELE -8.7%, GWRE -6.6%, CCE -2.6%, VNCE -1.9%.
Other news: END -32% (announces decision not to make interest payments of ~ $33.5 mln), DGLY -13.9% (following yesterday's 70%+ move higher), CPLP -6% (announced offering of 15 mln common units), AER -4.7% (filed for ~29.85 mln share common stock offering by selling shareholders), GAME -4.3% (Perfect World enters into agreement to sell its shares in Shanda Games), EFC-3.5% (commences public offering of 8 mln common shares representing limited liability company interests), EFC -3.5% (commenced public offering of 8 mln common shares representing limited liability company interests), DEPO -3% (announces offering of $230 mln convertible senior notes due 2021), CDW -2.7% (commences public offering of 15 mln shares of its common stock held by selling stockholders), EFII -2.3% (proposes offering of $300 million convertible senior notes due 2019), CLVS -1.7% (to Offer $200 Million of Convertible Senior Notes), TKMR -1.7% (continued vol), BPL -1.4% (to acquire 80% interest in Corpus Christi Terminal Complex and associated Eagle Ford assets in South Texas for $860 mln; commenced a public offering of 5,500,000 limited partnership units representing limited partner interests), BHP -1.4% (weak iron ore pricing in Aus, traded lower overnight).
Analyst comments: FTR -3.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley), ECHO -2% (downgraded to Sell from Hold at Stifel), CHRW -1.4% (downgraded to Sell from Hold at Stifel), SAP -1.1% (downgraded to Underperform from Neutral at Exane BNP Paribas), AMT -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley).
In reaction to disappointing earnings/guidance: HELE -8.7%, GWRE -6.6%, CCE -2.6%, VNCE -1.9%.
Other news: END -32% (announces decision not to make interest payments of ~ $33.5 mln), DGLY -13.9% (following yesterday's 70%+ move higher), CPLP -6% (announced offering of 15 mln common units), AER -4.7% (filed for ~29.85 mln share common stock offering by selling shareholders), GAME -4.3% (Perfect World enters into agreement to sell its shares in Shanda Games), EFC-3.5% (commences public offering of 8 mln common shares representing limited liability company interests), EFC -3.5% (commenced public offering of 8 mln common shares representing limited liability company interests), DEPO -3% (announces offering of $230 mln convertible senior notes due 2021), CDW -2.7% (commences public offering of 15 mln shares of its common stock held by selling stockholders), EFII -2.3% (proposes offering of $300 million convertible senior notes due 2019), CLVS -1.7% (to Offer $200 Million of Convertible Senior Notes), TKMR -1.7% (continued vol), BPL -1.4% (to acquire 80% interest in Corpus Christi Terminal Complex and associated Eagle Ford assets in South Texas for $860 mln; commenced a public offering of 5,500,000 limited partnership units representing limited partner interests), BHP -1.4% (weak iron ore pricing in Aus, traded lower overnight).
Analyst comments: FTR -3.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley), ECHO -2% (downgraded to Sell from Hold at Stifel), CHRW -1.4% (downgraded to Sell from Hold at Stifel), SAP -1.1% (downgraded to Underperform from Neutral at Exane BNP Paribas), AMT -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley).