Gapping down
Metals and mining stocks/ETFs trading lower: GFI -3.8%, MT -3.7%, FCX -2.8% (announces that Chairman and co-founder James Moffett will step down; Gerald Ford elected as Non-Executive Chairman), AU -2.8%, SLV -2.1%, GDX -1.5%, SLW -1.3%, NEM -1%, AA -0.9%, GLD -0.5%.
Oil/gas related names showing early weakness: WFT -10% (light volume), OAS -4.5%, CJES -3.1%, SNP -2.9% (ticking lower), MEMP -2.6%, SLB -2.2%, COP -2.2%, DVN -1.8%, MRO -1.7%, BP -1.6%, APC -1.6%, RIG -1.5% (announces that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017), CLR -1.4%, OXY-1.2%, TOT -1.1%, XOM -0.8%.
Other news: CMRX -75.3% (announces top-line results from its Phase 3 Suppress trial of Brincidofovir; did not achieve primary endpoint for prevention of significant CMV infection after HCT), ICON -7.4% (Iconix Brand announces it received a formal order of investigation from the Staff of the SEC; co intends to fully cooperate with the SEC), VRX -6.7% (confirmed J. Michael Pearson Medical Leave), NFLX -1.1% (Barron's suggests YouTube 2x more valuable than Netflix) SCTY -0.7% (lower despite Barron's positive view), BABA -0.6% (reports out indicate the company is still attempting to turnaround its reputation in relation with counterfeiter sales; also plans additional Ele.me investment), QIHU -0.5% (Qualcomm enters into a Chinese Patent License Agreement with QiKu Internet Network Scientific, a JV between Qihu and Coolpad), DB -0.4% (Deutsche Bank to sell entire 19.99% stake in Hua Xia Bank to PICC Property and Casualty Company Limited), AXP -0.4% (mentioned cautiously in Autonomous Research survey on Fintech winners/losers).
Oil/gas related names showing early weakness: WFT -10% (light volume), OAS -4.5%, CJES -3.1%, SNP -2.9% (ticking lower), MEMP -2.6%, SLB -2.2%, COP -2.2%, DVN -1.8%, MRO -1.7%, BP -1.6%, APC -1.6%, RIG -1.5% (announces that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017), CLR -1.4%, OXY-1.2%, TOT -1.1%, XOM -0.8%.
Other news: CMRX -75.3% (announces top-line results from its Phase 3 Suppress trial of Brincidofovir; did not achieve primary endpoint for prevention of significant CMV infection after HCT), ICON -7.4% (Iconix Brand announces it received a formal order of investigation from the Staff of the SEC; co intends to fully cooperate with the SEC), VRX -6.7% (confirmed J. Michael Pearson Medical Leave), NFLX -1.1% (Barron's suggests YouTube 2x more valuable than Netflix) SCTY -0.7% (lower despite Barron's positive view), BABA -0.6% (reports out indicate the company is still attempting to turnaround its reputation in relation with counterfeiter sales; also plans additional Ele.me investment), QIHU -0.5% (Qualcomm enters into a Chinese Patent License Agreement with QiKu Internet Network Scientific, a JV between Qihu and Coolpad), DB -0.4% (Deutsche Bank to sell entire 19.99% stake in Hua Xia Bank to PICC Property and Casualty Company Limited), AXP -0.4% (mentioned cautiously in Autonomous Research survey on Fintech winners/losers).