Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AGTC -27.2%, FARM -4.1%, (also to acquire substantially all the assets of China Mist Brands for an upfront payment of $10.8 mln ), USAT -4.1%, OPTT -2.9%
M&A news:
- APC -4.4% (to acquire the deepwater Gulf of Mexico assets of Freeport McMoRan (FCX) Oil & Gas for $2.0 billion; prices 35,250,000 shares of its common stock for total gross proceeds of approx $1,921 mln)
- FCX -1.7%
Select financial related names showing weakness: PUK -3%, HSBC -2.2%, SAN -1.9%, BCS -1.7%, MS -1.6%, LYG -1.6%,ING -1.2%, CS -1%
Select metals/mining stocks trading lower: BBL -2.4%, BHP -2.4%, AU -2%, VALE -1.9%, HMY -1.8%, RIO -1.3%
Select oil/gas related names showing early weakness: SDRL -2.1%, RIG -2.1%, BT -2%, BP -1.9%, TOT -1.7%, STO-1.6%, CHK -1.6%, AEG -1.4%, OAS -1.1%, RDS.A -1%
Select metals/mining stocks trading lower: BBL -2.4%, BHP -2.4%, AU -2%, VALE -1.9%, HMY -1.8%, RIO -1.3%
Select oil/gas related names showing early weakness: SDRL -2.1%, RIG -2.1%, BT -2%, BP -1.9%, TOT -1.7%, STO-1.6%, CHK -1.6%, AEG -1.4%, OAS -1.1%, RDS.A -1%
Other news:
- FATE -7.8% (files for 5,250,000 share common stock offering by the selling stockholders )
- BUFF -5.7% ( files for 14.3 mln share common stock offering by selling shareholders),
- MCFT -5.6% (commences a 4 mln share follow-on offering of common stock held by an affiliate of Wayzata Investment Partners ...)
- WTW -2.5% (Weight Watchers CEO James Chambers resigns; commences search for a new CEO; CFO and two Directors to comprise interim Office; sees membership growth in Q3, confident in top and bottom line growth for the year)
Analyst comments:
- RRGB -2% (downgraded to Underperform from Buy at BofA/Merrill)
- NFLX -1.5% (downgraded to Underperform from Neutral at Macquarie)