Gapping down
In reaction to disappointing earnings/guidance: ONDK -36.1%, KTWO -24.4%, MCEP -17.6%, CYH -11.7%, BETR -8.5%,RAIL -7.5%, OZM -7.5%, UBS -6.3%, Q -6.1%, QLYS -5.7%, (appoints Melissa Fisher CFO, effective immediately), OLN-5.7%, APLP -5%, PBI -4.4%, APC -3.8%, RSO -3.8%, AMAG -3.8%, ARR -3.6%, COTY -3.4%, IMS -3.3%, ADM -3.3%, AIG-3.2%, VNO -3%, EL -2.7%, WNR -2.6%, RGLS -2.2%, VLO -2.2%, SBAC -2.1%, CERU -1.6%, ACLS -1.5%, RSPP -1.4%,APU -1.4%, EIX -1.3%, SYKE -1.3%, HSBC -1.3%, NTI -1.2%, CEQP -1.2%, HRS -1%, RRD -1%, FOLD -0.7%
M&A news: STO -2.5% (divests interest in Edvard Grieg field; increases stake in Lundin Petroleum (LNDNY))
Select EU financial related names showing weakness in sympathy with Commerzbank (, down ~8%, released earnings overnight): RBS -5%, DB -4.5%, CS -4.1%, BCS -3.4%, SAN -3.2%
Select metals/mining stocks trading lower: MT -4.5%, RIO -4.1%, CLF -4%, VALE -3.4%, BHP -3.2%, X -2.5%, FCX-2.1%, AA -2.1%
Select oil/gas related names showing early weakness: SDRL -6.4%, RDS.A -2.4%, MRO -2.4%, BP -2.3%, RIG -2.3%,WLL -2.2%, TOT -2.2%, CVX -0.9%
Other news: CUR -37.3% (commences common stock offering for undisclosed amount ), RVLT -19% (prices 2.775 mln common stock offering at $5.25/share), LC -6.1% (in sympathy with ONDK), ADRO -5.7% (files for $300 mln mixed securities shelf offering), INCR -5.5% ( commences 8 mln common stock offering by selling stockholders, namely affiliates of Avista Capital Partners, L.P. and affiliates of Ontario Teachers' Pension ), PRAH -5.2% (announces 5 mln common share secondary offering by selling shareholders), COMM -4.1% (Commscope announces sale of 20 mln shares of common stock on an underwritten basis by an affiliate of The Carlyle Group, the selling shareholder), EQT -2% (upsizes and prices 10.5 mln shares of common stock at $67.00 per share)
Analyst comments: SRPT -4% (downgraded to Underperform from Mkt Perform at Leerink Partners), UTX -0.9% (downgraded to Sector Perform at RBC Capital Mkts)
In reaction to disappointing earnings/guidance: ONDK -36.1%, KTWO -24.4%, MCEP -17.6%, CYH -11.7%, BETR -8.5%,RAIL -7.5%, OZM -7.5%, UBS -6.3%, Q -6.1%, QLYS -5.7%, (appoints Melissa Fisher CFO, effective immediately), OLN-5.7%, APLP -5%, PBI -4.4%, APC -3.8%, RSO -3.8%, AMAG -3.8%, ARR -3.6%, COTY -3.4%, IMS -3.3%, ADM -3.3%, AIG-3.2%, VNO -3%, EL -2.7%, WNR -2.6%, RGLS -2.2%, VLO -2.2%, SBAC -2.1%, CERU -1.6%, ACLS -1.5%, RSPP -1.4%,APU -1.4%, EIX -1.3%, SYKE -1.3%, HSBC -1.3%, NTI -1.2%, CEQP -1.2%, HRS -1%, RRD -1%, FOLD -0.7%
M&A news: STO -2.5% (divests interest in Edvard Grieg field; increases stake in Lundin Petroleum (LNDNY))
Select EU financial related names showing weakness in sympathy with Commerzbank (, down ~8%, released earnings overnight): RBS -5%, DB -4.5%, CS -4.1%, BCS -3.4%, SAN -3.2%
Select metals/mining stocks trading lower: MT -4.5%, RIO -4.1%, CLF -4%, VALE -3.4%, BHP -3.2%, X -2.5%, FCX-2.1%, AA -2.1%
Select oil/gas related names showing early weakness: SDRL -6.4%, RDS.A -2.4%, MRO -2.4%, BP -2.3%, RIG -2.3%,WLL -2.2%, TOT -2.2%, CVX -0.9%
Other news: CUR -37.3% (commences common stock offering for undisclosed amount ), RVLT -19% (prices 2.775 mln common stock offering at $5.25/share), LC -6.1% (in sympathy with ONDK), ADRO -5.7% (files for $300 mln mixed securities shelf offering), INCR -5.5% ( commences 8 mln common stock offering by selling stockholders, namely affiliates of Avista Capital Partners, L.P. and affiliates of Ontario Teachers' Pension ), PRAH -5.2% (announces 5 mln common share secondary offering by selling shareholders), COMM -4.1% (Commscope announces sale of 20 mln shares of common stock on an underwritten basis by an affiliate of The Carlyle Group, the selling shareholder), EQT -2% (upsizes and prices 10.5 mln shares of common stock at $67.00 per share)
Analyst comments: SRPT -4% (downgraded to Underperform from Mkt Perform at Leerink Partners), UTX -0.9% (downgraded to Sector Perform at RBC Capital Mkts)