Gapping down
In reaction to disappointing earnings/guidance: CALX -13.2%, RLOC -10.1% (also ReachLocal confirmed Google agreement extended; downgraded to Neutral from Overweight at JPMorgan), JBT -9.5%, JIVE -7.6% (also downgraded to Equal-Weight from Overweight at Morgan Stanley), FEYE -5.2%, VSAT -5%, WCG -3.6%, CSOD -2.3%, BDE -2.3%, (begun to explore strategic alternatives to monetize the value of untapped markets for Gregory Mountain Products), MKTO -2.2%, ANDE -2.1% (light volume), TRI -2% (light volume), LO -1.9%, WU -1.8%, ANR -1.1%, PG -0.9%, INTU -0.3%.
A few Brazil related names are trading lower: GOL -3.3%, BBVA -2.6%, ITUB -1.6%, TSU -1.2%, VALE -0.9%, BSBR -0.8%, VIV -0.8%,
Other news: PRGN -10.9% (announces public offering of common stock), GPK -3.5% ( announces secondary offering of 30 mln shares of common stock by selling stockholders), NOK -2.8% (Nokia has suffered a reversal in India tax dispute, according to reports), HZNP -2.1% (announced that the FDA joint Arthritis Advisory Committee and Drug Safety and Risk Management Advisory Committee was split on whether the data show adequate differences in cardiovascular risk among NSAIDs to support labeling change for NSAIDs due to cardiovascular risk), SNY -1.4% and NVO -1.4% (still checking), BCS -1.1% (still checking), PANW -1% (following FEYE results), DOW -1% (Dow Chemical finds that after review, a break-up of the company in a significant manner created no productivity or capital allocation improvements), ATO -1% ( prices offering of 8 mln shares of common stock at $44 per share ), ALU -0.9% (still checking), TM -0.8% (Toyota Motor plans to recall 1.9 Prius hybrids, according to reports).
Analyst comments: CLNE -3.3% (downgraded to Underperform from Neutral at Macquarie), AMZN -2.1% (downgraded to Neutral from Buy at UBS; tgt lowered to $375 from $450; removed from US Key Call list; Creates 2,500 Full-Time Jobs with Comprehensive Benefits Across its U.S. Fulfillment Network), GMCR -2% (downgraded to Neutral from Buy at Longbow), SDRL -1% (downgraded to Underperform from Market Perform at Wells Fargo), CB -0.5% (initiated with a Sell at Citigroup)