Gapping down
In reaction to disappointing earnings/guidance: WTT -4.8%, MNGA -1.1%
M&A news: RRC -2.4% (Memorial Resource Development to be acquired by Range Resources (RRC) in an all-stock transaction valued at $4.4 bln)
Other news: BBEP -57.9% (commences Chapter 11; secures $75 mln in debtor-in-possession financing), TRVN -19.4% (failed to meet either the primary or secondary endpoints in the Phase 2b BLAST-AHF study in acute heart failure)
Analyst comments: WB -1.8% (downgraded to Neutral from Buy at Goldman), BITA -1.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
In reaction to disappointing earnings/guidance: WTT -4.8%, MNGA -1.1%
M&A news: RRC -2.4% (Memorial Resource Development to be acquired by Range Resources (RRC) in an all-stock transaction valued at $4.4 bln)
Other news: BBEP -57.9% (commences Chapter 11; secures $75 mln in debtor-in-possession financing), TRVN -19.4% (failed to meet either the primary or secondary endpoints in the Phase 2b BLAST-AHF study in acute heart failure)
Analyst comments: WB -1.8% (downgraded to Neutral from Buy at Goldman), BITA -1.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)