Gapping down
In reaction to disappointing earnings/guidance:
- WLK -5% (Q2 guidance)
M&A news:
- PFGC -0.9% (to acquire Reinhart Foodservice from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion; co also reaffirms FY 19 adj. EPS outlook)
Select metals/mining stocks trading lower:
- HMY -5.3%, SBGL -5.1%, AU -4.7%, AUY -4.4%, FSM -3.5%, GFI -3.5%, KGC -3.4%, GOLD -3%, GDX -2.7%, NEM -2.6%, PAAS -1.6%, AG -1.5%, GLD -1.4%
Analyst comments:
- ZM -2.6% (downgraded to Sell from Neutral at Goldman)
- GSKY -0.8% (downgraded to Hold from Buy at SunTrust)