Gapping down
With US Futures trading down 0.5-0.9% lower, many stocks are indicated lower. The following is a list of stocks moving on specific catalysts
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- GOLD -3.7%, HES -3.7%, RYAAY -3.6%, BAH -3%, ON -2.8%, XNET -2.6%, ARNC -1.9%
Other news:
- WFC -6.7% (Federal Reserve restricts WFC' growth until firm improves governance and controls)
- MLNX -5.2% (shareholder Starboard 'Expresses Concern Regarding the Staggering Number of Insider Sales over the Last Ten Year)
- OSTK -4.8% (likely lower with recent weakness in crypto-currencies)
- SQ -3.4% (continued weakness)
- X -3.4% (continued weakness)
- SNE -3.4% (pulling back following last week's strength)
- SPPI -1.9% (announces that ROLONTIS has Met the Primary Endpoint in the Phase 3 Study)
- BOMN -1% (files $200 mln mixed securities shelf offering)
Analyst comments:
- PEG -1.1% (downgraded to Neutral from Buy at Mizuho)
- VMW -1.2% (downgraded to Neutral from Buy at Citigroup)
- CVX -1.4% (removed from Conviction Buy List at Goldman)
- ERIC -3.7% (downgraded to Underperform from Buy at BofA/Merrill)
- GRUB -3.8% (downgraded to Mkt Perform at Raymond James)
- DKS -4.7% (downgraded to Underweight from Equal Weight at Barclays)