Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AXP -2.1%, SRCE -1.6%, IBM -1.5%, SLB -0.9%
Select metals/mining stocks trading lower:
- HMY -2.8%, GFI -2.3%, RIO -1.8%, KGC -0.6%, BBL -0.5%
Other news:
- PSTI -26.4% (prices $15 mln (upsized from $10 mln) bought deal offering of common stock and warrants)
- AFMD -18.6% (commences an underwritten public offering of its common shares; size not disclosed)
- URRE -7.1% (following notable afternoon strength)
- VRAY -6.6% (modestly pulling back)
- AXAS -6.3% (prices 25 mln (upsized from 20 mln shares) common stock offering at $2.40/share)
- HLF -6.1% (lowers Q4 volume, sales guidance; lowers FY17 EPS guidance; intends to raise $1.325 bln of new credit facilities to refinance its existing revolver)
- STML -5.5% (announces an underwritten public offering of common stock)
- MRNS -1.7% (Chief Medical Officer Albena Patroneva resigned effective January 31 for personal/family reasons)
- AFAM -1% (upsizes offering by 500K shares and prices 3 mln shares of common stock at $44.50 per share)
Analyst comments:
- ATI -1.8% (downgraded to Underperform from Buy at BofA/Merrill)
- CSX -1.6% (downgraded to Hold from Buy at Deutsche Bank)
- SIMO -0.9% (downgraded to Neutral from Buy at Nomura)
- TCB -0.8% (downgraded to Hold from Buy at Deutsche Bank)
- ENDP -0.7% (downgraded to Neutral from Overweight at JP Morgan)