Gapping down
In reaction to disappointing earnings/guidance: RMBS -7.3%, PHG -7.2%, XRX -5%, RCI -3%, ACI -1.8%, MCD -1.2%, CDNS -0.9% (light volume; also announces agreement to acquire Jasper Design automation for $170 mln in cash; to be accretive to non-GAAP EPS in FY15), LXK -0.6%.
M&A news: AZN -1.4% (Bloomberg discusses that large deals make sense for PFE and AZN), .
A few China related names showing weakness: ZNH -1.4%, CEA -1.1%, CHL -1.0%.
Other news: FEYE -3.4% (filed for 13,282,316 Share common stock offering by holders), ALSN -3% ( announces sale of 25 mln shares of common stock by selling stockholders), SNE -1.6% (still checking), SDRL -1.1% (still checking).
Analyst comments: Z -1% (Zillow downgraded to Fair Value from Buy at CRT Capital), VLO -0.9% (downgraded to Neutral from Buy at BofA/Merrill)
M&A news: AZN -1.4% (Bloomberg discusses that large deals make sense for PFE and AZN), .
A few China related names showing weakness: ZNH -1.4%, CEA -1.1%, CHL -1.0%.
Other news: FEYE -3.4% (filed for 13,282,316 Share common stock offering by holders), ALSN -3% ( announces sale of 25 mln shares of common stock by selling stockholders), SNE -1.6% (still checking), SDRL -1.1% (still checking).
Analyst comments: Z -1% (Zillow downgraded to Fair Value from Buy at CRT Capital), VLO -0.9% (downgraded to Neutral from Buy at BofA/Merrill)