Gapping down
In reaction to disappointing earnings/guidance: PIR -18.7%, PII -8.7%, (guidance) WGO -7.5%, SAFM -3.9%, APOG -3.8%, GIS -2.2%, SXC -1.6%, CCE -1.2%, .ACN -1.2%, ORCL -0.4%
Select metals/mining stocks trading lower: GFI -5.3%, KGC -3.1%, ABX -2.7%, GG -2.7%, NEM -2.5%, GDX -2.4%, PAAS -1.9%, GOLD -1.6%, RIO -1%
Other news: KBIO -53.2% (Bloomberg reporting Martin Shkreli was arrested for securities fraud; halted for additional information requested by NASDAQ), TOO -21.2% (cuts quarterly distribution), TGP -20.8% (cuts quarterly distribution), TK -20% (cuts quarterly div), KCAP -8.1% (reduces its cash distribution to $0.15/share from $0.21/share, to 'better align the distribution with net investment income'), HTCH -5.4% (Hutchinson Tech. discloses it received request for further information from the FTC in connection with the review of the merger transactions ), ARRY -3.9% (pulling back following yday's gains), KCLI -3.6% (disclosed planned reverse stock split on Dec 16; anticipate will have fewer than 300 shareholders and would then be eligible to terminate the registration of Stock), ICE -1.2% (announces 5.669 mln share secondary offering by selling stockholders related to Interactive Data acquisition)
Analyst comments: LL -6.3% (downgraded to Sell from Neutral at Goldman), VIPS -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), AKS -3.2% (downgraded to Sell at Deutsche Bank), CERS -2.3% (downgraded to Neutral from Outperform at Wedbush), X -1.9% (downgraded to Sell at Deutsche Bank), VRX -1.6% (downgraded to Neutral from Buy at Mizuho), CLF -1.2% (downgraded to Sell at Deutsche Bank), CRI -0.9% (downgraded to Neutral from Buy at Citigroup)