Gapping down
In reaction to disappointing earnings/guidance: MZOR -6.1%, (Mazor Robotics announces 2 mln ADS offering; guides Q3 rev below consensus), MCD -1.8%, HAL -0.9%
Select financial related names showing weakness: RBS -5% (Telegraph reports on the break-up of Royal Bank of Scotland could take weeks to finalize ), IRE -2.9%, DB -2%, BAC -1.3% (Housing regulators pursuing at least $6 bln on civil claims from faulty mortgages, according to reports), SAN -1%.
Other news: CHLN -14.1% ( announces restatement of historical financial statements related to accounting treatment for interest rate ), IRDM -11.5% (Iridium Communications receives 5-yr, $400 mln DoD contract for Iridium Airtime Services; updates FY13 guidance), PLG -10.2% (Announces that 26% WBJV Project 1 Shareholder Africa Wide Has Today Elected Not to Fund an Initial Cash Call), CZR -4.8% (discloses US investigation for alleged violations of the Bank Secrecy Act; withdraws application for casino in Boston), QCOR -0.8% ( following cautious Barron's mention).
Analyst comments: JCP -2% (reiterated with a Underperform at Imperial Capital; tgt lowered to $1; firm lowers bond ratings), FHN -0.7% ( downgraded to Neutral from Overweight at JP Morgan, downgraded to Sector Perform from Outperform at RBC Capital Mkts ), ANF -0.7% (downgraded to Neutral from Outperform at Macquarie), GIS -0.5% (downgraded to Neutral from Buy at BofA/Merrill), CMG -0.4% (downgraded to Hold from Buy at Miller Tabak)