Gapping down
In reaction to disappointing earnings/guidance: FUEL -31.7% (also multiple downgrades), ACET -13%, JAZZ -10.3% (target lowered to $165 from $195 at Citigroup), SGMS -9%, BRKS -8.9%, SSTK -8.7%, UBNT -8.6%, FF -7.6%, UVE -7.5%, SSYS -7.2%, TUMI -6.9%, ZGNX -6.9%, AIRM -5.9%, (light volume), ELON -5.8%, EAC -5.7% (thinly traded), RL -5.3%, ALSK -4.8%, (light volume), MNST -4.3%, DEPO -3.4%, FPRX -3.2% (light volume), UNXL -2.9%, (light volume), TEF -2.9%, TTI -2.7%, CBS -2.6%, SLXP -2.4%, NES -2.1%, (light volume), MT -2.1%, NVDA -1.6%, BCEI -1.2%, NUAN -0.8%, JMBA -0.7%.
M&A related: OMC -2.7% (Omnicom and Publicis agree to terminate proposed Merger Of Equals), AAPL -0.3% (Apple and Beats nearing $3 bln+ deal, according to FT.com story; downgraded to Buy from Strong Buy at ISI Group).
AAPL / Beat news weighing on select music/electronic names: P -4.5%, SKUL -4.1%, HAR -1.9%.
Other news: LODE -7.4% (plans to make a public offering of its common stock; size not disclosed), HPT -5% (still checking), DDD -3.5% (following SSYS results), CHEF -3.4% (Chefs' Warehouse filed to delay its 10-Q (quarterly report was due on May 7, 2014), KGC -2% (still checking), SDRL -1.9% (still checking), SGY -1.4% ( prices 5 mln share common stock offering at $41 per share),ARMH -1.4% (still checking), ARP -1% (prices public offering of 13.5 mln common units at $19.90 per unit), BSX -0.8% (discloses in 10-Q filing that it was served with a subpoena from the U.S. Department of Health and Human Services on May 5 seeking information relating to the launch of Cognis and Teligen line of devices in 2008), DMND -0.7% (filed for a $500 mln mixed securities shelf offering, 4.45 mln shares of common stock, and for ~4.42 mln shares of common stock offered by selling shareholders).
Analyst comments: MCP -1.6% (downgraded to Underweight from Neutral at JP Morgan), NKA -1.4% ( downgraded to Sell from Neutral at Goldman, TS -1.1% (downgraded to Equal Weight from Overweight at Morgan Stanley), AEE -0.5% (downgraded to Equal Weight from Overweight at Morgan Stanley), WEC -0.4% (downgraded to Sell from Neutral at UBS; tgt lowered to $44 from from $46)
M&A related: OMC -2.7% (Omnicom and Publicis agree to terminate proposed Merger Of Equals), AAPL -0.3% (Apple and Beats nearing $3 bln+ deal, according to FT.com story; downgraded to Buy from Strong Buy at ISI Group).
AAPL / Beat news weighing on select music/electronic names: P -4.5%, SKUL -4.1%, HAR -1.9%.
Other news: LODE -7.4% (plans to make a public offering of its common stock; size not disclosed), HPT -5% (still checking), DDD -3.5% (following SSYS results), CHEF -3.4% (Chefs' Warehouse filed to delay its 10-Q (quarterly report was due on May 7, 2014), KGC -2% (still checking), SDRL -1.9% (still checking), SGY -1.4% ( prices 5 mln share common stock offering at $41 per share),ARMH -1.4% (still checking), ARP -1% (prices public offering of 13.5 mln common units at $19.90 per unit), BSX -0.8% (discloses in 10-Q filing that it was served with a subpoena from the U.S. Department of Health and Human Services on May 5 seeking information relating to the launch of Cognis and Teligen line of devices in 2008), DMND -0.7% (filed for a $500 mln mixed securities shelf offering, 4.45 mln shares of common stock, and for ~4.42 mln shares of common stock offered by selling shareholders).
Analyst comments: MCP -1.6% (downgraded to Underweight from Neutral at JP Morgan), NKA -1.4% ( downgraded to Sell from Neutral at Goldman, TS -1.1% (downgraded to Equal Weight from Overweight at Morgan Stanley), AEE -0.5% (downgraded to Equal Weight from Overweight at Morgan Stanley), WEC -0.4% (downgraded to Sell from Neutral at UBS; tgt lowered to $44 from from $46)