Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- DRYS -21.1%, (DryShips reports huge Q2 loss, co also received a subpoena from the SEC)
- SMTC -11.1%, GCO -9.8%, CIEN -7.4%, BOX -4.2%, CPB -4%, CTRP -3.9%, DG-3.8%, GEF -1.2%, FIVE -0.8%
Other news:
- AMRN -0.8% (files lawsuit to prevent the import and sale into the United States of synthetic omega-3 products that are comprised predominantly of EPA and sold for use in, or as, dietary supplements, contending that, consistent with multiple FDA statements and actions, such products are illegal unapproved new drugs under U.S. law)
- MVIS -0.5% (Microvision announces $3.15 mln investment from current shareholder; company sold 1.5 mln unregistered shares to private investor at a price of $2.10 per share)
Analyst comments:
- ERIC -2.2% (downgraded to Hold at Danske Bank)