Gapping down
In reaction to disappointing earnings/guidance:
- SCHL -5.1%, MLHR -2.7%, DPS -0.7%, (lowers 2017 EPS guidance by $0.03 per share to reflect anticipated impact from supplier default)
Select metals/mining stocks trading lower:
- HMY -2.1%, VALE -1.8%, CLF -1.5%, MT -1.2%, GDX -1.2%, ABX -1.1%, AU -1%, IAG -1%, RIO -0.9%, GOLD -0.8%, GG -0.8%, AUY -0.7%, NEM -0.6%, GLD -0.6%, BHP -0.5%
Other news:
- RWLK -8.8% (files for $15 mln ordinary share offering)
- JUNO -3.8% (announces $225 mln share offering)
- IOVA -3.5% (prices offering of 7,692,308 shares of common stock at $6.50 per share)
- CRTO -2.4% (Gotham City Research confirmed plans to release second portion of CRTO series)
- NVDA -1.7% (extending late move lower on reports that Tesla is wokring with AMD for an AI self-sdriving chip)
- USG -1.2% (continued strength -- gypsum/wallboard related names were notably higher on anticipated price increase)
- CMG -1.1% (pulling back as yesterday's queso related optimism fades)
- XLRN -1.1% (prices offering of 5,405,406 shares of common stock at $37.00 per share)
- RIG -0.8% (Chevron terminates driling contract for elected to exercise its contractual option to terminate the drilling contract for the ultra-deepwater drillship Discoverer Clear Leader, effective November 2017, prior to its expiration in October 2018)
- SCG -0.7% (served with a subpoena issued by the United States Attorney's Office for the District of South Carolina seeking documents relating to the Company's new nuclear project at V.C. Summer Nuclear Station)
Analyst comments:
- JKS -3.2% (initiated with a Sell at Axiom Capital)
- ERIC -1.8% (downgraded to SEll from Hold at Carnegie)
- TEX -1% (downgraded to Hold from Buy at Deutsche Bank)
- HBI -0.8% (downgraded to Neutral from Buy at Instinet)
