Gapping down
In reaction to disappointing earnings/guidance:
- WB -11.9%, NTAP -9.2%, SINA -9.1%, HTHT -8.4%, PLUS -6.1%, LPG -5.9%, SQM -2.9%, HRL -2.6%, SBLK -1.6%, SCVL -1.5%, CTRP -1%, VIPS -1%, VIOT -0.9%
Other news:
- ESV -1.8% (updates dividend policy - will not pay a regular quarterly cash dividend)
- MRCY -1.8% (upsized offering of 6 mln shares of its common stock at $69.00 per share)
- GH -0.6% (prices underwritten public offering of 4.5 mln shares of its common stock at a public offering price of $71.00 per share)
- SWI -0.5% (prices underwritten public offering of 15 mln shares of its common stock by certain selling stockholders at $18.00 per share)
Analyst comments:
- AKS -8.6% (downgraded to Underperform from Outperform at Credit Suisse; tgt lowered to $1)
- QCOM -3.3% (downgraded to Neutral from Buy at Mizuho)
- CMG -2.6% (downgraded to Underperform from Market Perform at BMO Capital Markets)
- EXPE -2.3% (downgraded to Neutral from Buy at Citigroup)
- STLD -2.2% (downgraded to Neutral from Outperform at Credit Suisse)