Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- RECN -6.5%, (also Anthony Cherbak announces his retirement as President and Chief Executive Officer due to health considerations)
- LXU -3.6%, (LSB Industries lowers Product sales volume outlook for 2016 in some areas including UAN, Ammonia, Nitric Acid, LDAN/HDAN; reports unplanned downtime at its three primary chemical facilities in Q3),
- YUM -2.8%
- WMT -1.9% (reaffirms FY17 EPS, sees FY18 EPS flat, below estimates)
M&A news:
- TWTR -16.2% (reports that Disney and Google won't bid for the company -- Salesforce (CRM) is seemingly the last interested party)
Select metals/mining stocks trading lower: HMY -4.1%, GFI -3.8%, AG -2.4%, HL -2.3%, ABX -1.9%, GDX -1.8%, NEM-1.7%, SLW -1.6%, AEM -1.6%
Other news:
Other news:
- ALNY -44.6% (to discontinue Revusiran development, says decision does not impact Patisiran or any other RNAi therapeutic program in development )
- IDRA -11.9% (commences $50 mln common stock offering)
- MDCO -9.1% (updates on the ongoing ORION-1 study of PCSK9si; anticipates that top-line data from Day 180 follow-up for up to 200 patients will be presented at the Late-Breaking Clinical Trial Session)
- ARWR -3.6% (ALNY sympathy)
- RYAAY -2.3% (down in sympathy w/ peer Easy Jet which posted dissapointing earnings)
- IONS -0.7% (ALNY sympathy)
Analyst comments:
- AXP -1.3% (downgraded to Reduce from Neutral at Nomura)
- LOW -1.7% (downgraded to Neutral from Buy at Cleveland Research)
- TSLA -2.8% (downgraded to Neutral from Buy at Goldman; tgt lowered to $185 from $240)
- SWHC -3.4% (downgraded to Hold at Wunderlich)
- SNN -3.5% (downgraded to Hold from Buy at Berenberg)