Gapping down
In reaction to disappointing earnings/guidance: CQH -7.2%, WBK -4.1%, EEP-0.8%, STRL -0.8%, BWP -0.5%
M&A news: BHI -0.5% (Baker Hughes and Halliburton (HAL) confirm termination of merger)
Select oil/gas related names showing early weakness: BBEP -9.1%, SDRL-2.3%, STO -0.9%, RIG -0.7%
Other news: BIND -64.6% (elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware), UPL -52% (has filed for Chapter 11 bankruptcy, according to Bloomberg), NRX -23.9% (iled for Chapter 11 bankruptcy, according to a list of recently filed Chapter 11/15 filings on the District of Delaware's website),PRGN -13.6% (filed to delay its form 20-F), BIDU -3.8% (China reportedly investigating placement of paid search results in country's largest search engine - SCMP)
Analyst comments: ASPS -6.4% (downgraded to Underweight from Neutral at Piper Jaffray; tgt lowered to $16), SNX -2.4% (downgraded to Neutral from Buy at Citigroup), STX -0.8% (downgraded to Underweight from Neutral at JP Morgan), UTX -0.8% (downgraded to Neutral from Buy at Goldman), GRPN-0.6% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
In reaction to disappointing earnings/guidance: CQH -7.2%, WBK -4.1%, EEP-0.8%, STRL -0.8%, BWP -0.5%
M&A news: BHI -0.5% (Baker Hughes and Halliburton (HAL) confirm termination of merger)
Select oil/gas related names showing early weakness: BBEP -9.1%, SDRL-2.3%, STO -0.9%, RIG -0.7%
Other news: BIND -64.6% (elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware), UPL -52% (has filed for Chapter 11 bankruptcy, according to Bloomberg), NRX -23.9% (iled for Chapter 11 bankruptcy, according to a list of recently filed Chapter 11/15 filings on the District of Delaware's website),PRGN -13.6% (filed to delay its form 20-F), BIDU -3.8% (China reportedly investigating placement of paid search results in country's largest search engine - SCMP)
Analyst comments: ASPS -6.4% (downgraded to Underweight from Neutral at Piper Jaffray; tgt lowered to $16), SNX -2.4% (downgraded to Neutral from Buy at Citigroup), STX -0.8% (downgraded to Underweight from Neutral at JP Morgan), UTX -0.8% (downgraded to Neutral from Buy at Goldman), GRPN-0.6% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)