Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- EXPR -20.5%, LZB -15.1%, SOL -15%, INTU -5.1%, DY -3.9%
M&A news:
- SKUL -1.9% (terminates merger with Incipio, enters new agreement to be acquired by Mill Road Capital for $6.35/share in cash, or ~$196.6 mln)
Select metals/mining stocks trading lower: SBGL -1.7%, AUY -1.6%, IAG -1.4%, NEM -1.4%, FCX -1.4%, SLW -1.3%, ABX -1.2%, GG -1.1%, X -1.0%
Other news:
- AMDA -5.2% (modestly pulling back following yesterday's strength)
- URBN -2.5% (in sympathy with EXPR results)
- AMSC -0.9% (light volume, discloses negative court ruling)
Analyst comments:
- NEWM -2% (downgraded to Sell from Neutral at Citigroup)
- CSIQ -2.7% (downgraded to Equal Weight from Overweight at Barclays)