Gapping down
In reaction to disappointing earnings/guidance: INVN -19.7%, KEYW -14.5%, ARCP -14.3%, XOOM -12.6%, (to launch cross-border bill pay; Xoom Bill Pay is scheduled to launch in November with cross-border bill pay to Mexico, Guatemala, El Salvador, Nicaragua and the Dominican Republic), AMCC -10.6%, STM -10.2%, SM -8%, FB -6.7%, BLDP -5.4%, MTSC -5.2%, HSY -4.7%,SODA -4.2%, NVMI -4.1%, BBSI -3.3%, GILD -2.9%, PNRA -2.9%, RYAM -2.7%, COT -2.5%, DB -2.3%, VRTX -1.8%, AZPN -1.8%, OI -1.8%, WDC -1.7%, HTS -1.6%, TRN -1.2%, GAIN -1.2%, MCK -1.1%, FISV -1%, WEC -1%, XRAY -1%, TEL -0.9%, PAG -0.9%
M&A news: APA -0.8% (following late move higher on reports of interest in Apache's Wheatstone stake), LORL -0.2% (following late move higher on potential new offer)
Other news: ARCP -14.3% (announces non-reliance on previously issued financial statements and changes in accounting personnel), HIVE -11.8% (disclosed that in response to the market reaction to their PR yesterday), IBIO -11.2% (cont vol pre-mkt), NBG -6.9% (may be related to wte earnings from a couple of EU perifery banks in last cpl days), SNY -5% (Statement from Sanofi Board of Directors; removes CEO), UBA -3.8% (is offering 2,500,000 shares of its Class A common stock in a public offering), VNDA -2.2% (proposes public offering of common stock ), TRUE -1.5% (filed for a 1 mln share offering of common stock by selling shareholders; co also provided Q3 guidance),, PRU -1.5% (entered into an MoU with Inversiones La Construccion S.A. to acquire ownership stake in Administradora de Fondos de Pensiones Habita), AMAT -1.4% (completion of Tokyo Elec (TOELY) may extend into the first calendar quarter of 2015 ), TRN -1.2% (may be required to have mediation talks over guardrail lawsuit, according to reports), TWTR -0.8% (in symp with FB earnings)
Analyst comments: TLK -1.4% (downgraded to Neutral from Overweight at JP Morgan ), NTT -1.4% (downgraded to Neutral from Buy at Goldman ), SNCR -1.1% (downgraded to Outperform from Strong Buy at Raymond James), EBAY -1% (initiated with a Underweight at Morgan Stanley), KORS -0.9% (downgraded to Neutral from Buy at Janney), DTE -0.9% (downgraded to Hold from Buy at ISI Group)
In reaction to disappointing earnings/guidance: INVN -19.7%, KEYW -14.5%, ARCP -14.3%, XOOM -12.6%, (to launch cross-border bill pay; Xoom Bill Pay is scheduled to launch in November with cross-border bill pay to Mexico, Guatemala, El Salvador, Nicaragua and the Dominican Republic), AMCC -10.6%, STM -10.2%, SM -8%, FB -6.7%, BLDP -5.4%, MTSC -5.2%, HSY -4.7%,SODA -4.2%, NVMI -4.1%, BBSI -3.3%, GILD -2.9%, PNRA -2.9%, RYAM -2.7%, COT -2.5%, DB -2.3%, VRTX -1.8%, AZPN -1.8%, OI -1.8%, WDC -1.7%, HTS -1.6%, TRN -1.2%, GAIN -1.2%, MCK -1.1%, FISV -1%, WEC -1%, XRAY -1%, TEL -0.9%, PAG -0.9%
M&A news: APA -0.8% (following late move higher on reports of interest in Apache's Wheatstone stake), LORL -0.2% (following late move higher on potential new offer)
Other news: ARCP -14.3% (announces non-reliance on previously issued financial statements and changes in accounting personnel), HIVE -11.8% (disclosed that in response to the market reaction to their PR yesterday), IBIO -11.2% (cont vol pre-mkt), NBG -6.9% (may be related to wte earnings from a couple of EU perifery banks in last cpl days), SNY -5% (Statement from Sanofi Board of Directors; removes CEO), UBA -3.8% (is offering 2,500,000 shares of its Class A common stock in a public offering), VNDA -2.2% (proposes public offering of common stock ), TRUE -1.5% (filed for a 1 mln share offering of common stock by selling shareholders; co also provided Q3 guidance),, PRU -1.5% (entered into an MoU with Inversiones La Construccion S.A. to acquire ownership stake in Administradora de Fondos de Pensiones Habita), AMAT -1.4% (completion of Tokyo Elec (TOELY) may extend into the first calendar quarter of 2015 ), TRN -1.2% (may be required to have mediation talks over guardrail lawsuit, according to reports), TWTR -0.8% (in symp with FB earnings)
Analyst comments: TLK -1.4% (downgraded to Neutral from Overweight at JP Morgan ), NTT -1.4% (downgraded to Neutral from Buy at Goldman ), SNCR -1.1% (downgraded to Outperform from Strong Buy at Raymond James), EBAY -1% (initiated with a Underweight at Morgan Stanley), KORS -0.9% (downgraded to Neutral from Buy at Janney), DTE -0.9% (downgraded to Hold from Buy at ISI Group)