Gapping down
Select metals/mining stocks trading lower on weakness in precious metals post-Fed: CDE -6.0%, GFI -5.6%, EGO -5.3%, HMY -5.0%, AU -4.8%, AG -4.5%, GOLD -4.3%, SLV -4.3%, FSM -4.1%, SSRI -4.1%, HL -3.7%, SLW -3.6%, RIO -3.5%, NEM -3.2%, FCX -3.1%, AEM -3.0%, GG -3.1%, ABX -2.9%, AUY -2.9%, PAAS -2.7%, SAND -3.1%, BTG -2.7%, TSU -2.6%, TECK -2.6%.Other news: SGY -25% (filed voluntary petitions under chapter 11 to pursue a pre-packaged plan of reorganization ), FOLD -12.0% (announces an offering of $225 mln convertible senior notes due 2023 in a private placement), KCAP -8.0% (reduces quarterly distribution to $0.12/share from $0.15/share), MPEL -5.3% (confirms launch of underwritten, secondary public offering of its American depositary shares by Crown Resorts), FANG -4.0% (Diamondback Energy to acquire Brigham Resources and Brigham Resources Midstream for $2.43 bln (immediately accretive), consisting of $1.62 bln in cash and 7.69 mln FANG shares; announces 10.5 mln share offering and notes offering; raises FY17 production 25% ), DNR -3.5% (still checking), YHOO -3.4% (confirms it has identified data security issues concerning certain Yahoo user accounts; has taken steps to secure user accounts and is working closely with law enforcement), GPOR -3.1% ( to acquire approx. 46,400 net surface acres in the core of the SCOOP for a total purchase price of $1.85 bln from Quantum Energy Partners; commences underwritten public offering of 29,000,000 shares of its common stock and launches proposed $600 million offering of senior notes due 2025 ), CLF -2.7% (names new CFO and new COO).