Gapping down
In reaction to disappointing earnings/guidance:
- SYNA -5.4% (sees Q3 around the lower end of the original guidance; announced the departure of Richard Bergman as CEO effective immediately), OSTK -4.5%, LL -4.1%, HUN -1.6% (Q1 outlook)
M&A news:
- NIHD -37.3% (to sell its 70% interest in its operations in Brazil to América Móvil)
Other news:
- ARPO -60.9% (announced top-line results from the Company's TIME-2b study of Aerpio's lead candidate, AKB-9778, did not meet the study's primary endpoint)
- PDS -3.1% (announces asset divestitures, senior note redemption and provides international contract update)
- CDAY -2.9% (files for 11 mln share common stock offering by affiliates of Thomas H. Lee Partners)
- STML -2.3% (files for $250 mln mixed securities shelf offering; reported earnings)
- BA -2.1% (Cautious Barrons article)
- VALE -1.7% (court decision where it was determined that the company refrains from any act related to building, operating, heightening or using the Doutor dam)
Analyst comments:
- BIOS -9.7% (downgraded to Equal-Weight from Overweight at Stephens)
- SWI -1.7% (downgraded to Neutral from Buy at Goldman)
- FB -1.3% (downgraded to Hold at Needham)
- I -0.7% (target lowered to $24 from $28 at Morgan Stanley)