Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ESRX -11.5%, NGL -10.6%, (lowers FY17 guidance) R -6.7%,CDNS -5.9%, SWFT -5.3%, ABX -3.7%, LH -3.2%, LMT -3.2%,PHM -2.9%, LLY -2.7%, TECK -2.2%, CNI -2.2%, XRX -2%, ERIC -1.6%, ZION -1.1%, RMBS -1%, TROW -0.9%, TMUS -0.8%, ST -0.8%
Select metals/mining stocks trading lower:
- EGO -3.1%, KGC -1.6%, AG -1.5%, GG -1.1%, GDX -0.9%, GOLD -0.7%
Other news:
- CTRV -25.4% (commences an underwritten public offering)
- MBII -17.7% (proposes common stock public offering)
- KPTI -3.8% (commences underwritten public offering of $40 mln in shares of common stock)
- PZRX -2.1% (modest pullback)
- SITE -2.1% (announces secondary offering of 8,500,000 shares of common stock by selling stockholders)
- WPZ -2% (reduces quarterly distribution to $0.60/share from $0.85/share)
- OMED -1.3% (OncoMed Pharma will reduce its workforce by approximately 50%; co will also seek to maximize the value from potential interest in partnering the assets to which it has worldwide rights)
Analyst comments:
- ORLY -0.8% (downgraded to Hold from Buy at Deutsche Bank)
- COL -0.6% (resumed with a Sell at Goldman)
- GE -0.6% (downgraded to Neutral from Buy at BofA/Merril)
- BHP -0.5% (downgraded to Sell from Neutral at Goldman)