Gapping down
In reaction to disappointing earnings/guidance: WUBA -7.7%, MOV -4%, MOV-4%, BBY -3.9%, SINA -3.8%, SHLD -3.7%, SNPS -3.2%, BONT -2.7%, ANW -2.4%,PDCO -2.4%, MNRO -1.2%.
M&A news: ZLC -2% (reiterates commitment to $21.00 per share purchase price for Zale and encourages Zale stockholders to vote in favor of the transaction), AZN-1.1% (cont volatility due to M&A spec), UL -0.7% (agrees to Sell Ragu and Bertolli Pasta Sauce brands to Mizkan Group for $2.15 bln).
Select names showing weakness due to public offerings: TRNO -4.1% (announces public follow-on offering of 6,500,000 shares of common stock),CDW -3.4% (files for 15 mln common stock shelf offering by selling stockholders),RLJ -2.8% (announces 7.5 mln public offering of common shares), MNR -2.6% (prices 7 mln shares of common stock at $8.50 per share).
Other news: ATVI -1.1% (Activision Blizzard announces sale of common stock by Vivendi )
Analyst comments: SODA -2.8% (downgraded to Underweight from Equal Weight at Barclays), AEO -2.4% (downgraded to Sell from Neutral at Citigroup), NX -1.8% (downgraded to Neutral from Outperform at Wedbush), STM -1.5% (downgraded to Underweight from Neutral at HSBC Securities), GRFS -1.3% (initiated with a Sell at Societe Generale), GMCR -0.8% (downgraded to Neutral from Buy at ROTH Capital), MOS -0.6% (downgraded to Neutral from Outperform at Macquarie).
M&A news: ZLC -2% (reiterates commitment to $21.00 per share purchase price for Zale and encourages Zale stockholders to vote in favor of the transaction), AZN-1.1% (cont volatility due to M&A spec), UL -0.7% (agrees to Sell Ragu and Bertolli Pasta Sauce brands to Mizkan Group for $2.15 bln).
Select names showing weakness due to public offerings: TRNO -4.1% (announces public follow-on offering of 6,500,000 shares of common stock),CDW -3.4% (files for 15 mln common stock shelf offering by selling stockholders),RLJ -2.8% (announces 7.5 mln public offering of common shares), MNR -2.6% (prices 7 mln shares of common stock at $8.50 per share).
Other news: ATVI -1.1% (Activision Blizzard announces sale of common stock by Vivendi )
Analyst comments: SODA -2.8% (downgraded to Underweight from Equal Weight at Barclays), AEO -2.4% (downgraded to Sell from Neutral at Citigroup), NX -1.8% (downgraded to Neutral from Outperform at Wedbush), STM -1.5% (downgraded to Underweight from Neutral at HSBC Securities), GRFS -1.3% (initiated with a Sell at Societe Generale), GMCR -0.8% (downgraded to Neutral from Buy at ROTH Capital), MOS -0.6% (downgraded to Neutral from Outperform at Macquarie).