Gapping down
In reaction to disappointing earnings/guidance: TREX -11.8%, TSN -8.7%, CPGX -7.2%, L -2.3%, BSFT -2.3%, NSP -0.9%, GWR -0.5%
M&A news: NOK -1.1% (divests HERE to automotive industry consortium for EUR 2.8 bln)
Select metals/mining stocks trading lower: GFI -6.2%, IAG -2%, FCX -1.7%, GOLD -1.6%, RIO -1.6%, BHP -1.5%, VALE -1.1%, X -0.9%, MT -0.8%
Select oil/gas related names showing early weakness: SLB -2.1%, SSL -1.7%, BP -1%, OAS -0.5%
Other news: ABGB -22.7% (announces EUR650 mln capital raise), NBG -5% (Greece stock mkt opens; down 15% overseas), WBAI -4% (Chinese mkts weak overnight), ITEK -3.7% (may be attributed to offering), GREK -2.8% (Greek stock mkt opens up after 5 week lay off; stocks fluctuate down 15-20%+), BIDU -0.9% (Chinese mkts weak overnight)
Analyst comments: LINE -2.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts ), IMGN -1.6% (downgraded to Hold from Buy at Cantor Fitzgerald
)
In reaction to disappointing earnings/guidance: TREX -11.8%, TSN -8.7%, CPGX -7.2%, L -2.3%, BSFT -2.3%, NSP -0.9%, GWR -0.5%
M&A news: NOK -1.1% (divests HERE to automotive industry consortium for EUR 2.8 bln)
Select metals/mining stocks trading lower: GFI -6.2%, IAG -2%, FCX -1.7%, GOLD -1.6%, RIO -1.6%, BHP -1.5%, VALE -1.1%, X -0.9%, MT -0.8%
Select oil/gas related names showing early weakness: SLB -2.1%, SSL -1.7%, BP -1%, OAS -0.5%
Other news: ABGB -22.7% (announces EUR650 mln capital raise), NBG -5% (Greece stock mkt opens; down 15% overseas), WBAI -4% (Chinese mkts weak overnight), ITEK -3.7% (may be attributed to offering), GREK -2.8% (Greek stock mkt opens up after 5 week lay off; stocks fluctuate down 15-20%+), BIDU -0.9% (Chinese mkts weak overnight)
Analyst comments: LINE -2.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts ), IMGN -1.6% (downgraded to Hold from Buy at Cantor Fitzgerald
)