Gapping down
In reaction to disappointing earnings/guidance: SIGM -17.8%, (downgraded to Hold from Buy at Needham), ATHN -12.9%, CWTR -10.7%, SUNE -10.1%, (announces intention to refinance its capital structure), LULU -9%, VRA -7.7%, SGU -7.4%, CIEN -7.2%, ASYS -3.6%, AET -0.5%.
Select metals/mining stocks trading lower: GFI -3.6%, AG -3.5%, VGZ -2.9% (agrees to convert its interest in Awak Mas Gold Project into royalty), AU -2.9%, SLW -2.3% GG -1.9%, AUY -1.8%, GOLD -1.8%, KGC -1.7%, ABX -1.6%, BBL -0.5%, .
Other news: IMUC -54% (reports Phase II study demonstrates that glioblastoma patients live longer without disease progression when treated with ICT-107; primary endpoint of overall survival not statistically significant), SPPR -15% (announces suspension of dividends on its preferred stock), SYN -11.8% (prices 11.5 mln shares of common stock at $1.00), NWBO -8.9% (weakness attributed to IMUC news), TAM -5.2% (announces pricing of secondary offering of 10 mln shares of common stock at $20 per share), IAG -4.7% (suspends dividend), CSTM -4.6% (prices secondary offering of 8,345,713 shares of common stock at $19.80 per share by selling shareholders), NRF -4.3% (announces public offering of 50 mln shares of common stock), BNNY -4.2% (still checking), GWW -3.6% (reported Nov update), HRG -3% (files for 105,163,238 share common stock offering by selling shareholders), AES -2.2% (announces secondary offering of 40 mln shares of common stock by a subsidiary of CIC and concurrent repurchase of 20 mln shares of AES common stock), RBS -2.2% (still checking), SALE -2% (announced its follow-on offering of 6,267,137 shares of its Series 1 common stock at a price to the public of $26 per share), PF -0.9% (prices secondary offering of 17 mln shares of common stock at $26.75 per share), AWAY -0.9% (prices 6,018,630 shares of common stock at $37.00 by co and selling shareholder (~518K shares)), AMID -0.8% (prices offering of 2.4 mln common units at $22.47), ANF -0.8% (S&P MidCap 400 constituents ADS and MHK to replace ANF and JDSU in the S&P 500), MFA -0.4% (MFA Mortgage increased share repurchase program by 6 mln shares of common stock; declared quarterly cash dividend of $0.20/share, down from $0.22/share), SEAS -0.3% (prices 18 mln share secondary offering by selling shareholders at $30.00 per share), CSIQ -0.3% (announces 100MW module supply agreement with Zhenfa New Energy in China), CVX -0.2% (announces $39.8 bln capital and exploratory budget for 2014), TSPT 0.6% (announces that ISS proxy advisory services recommends 'AGAINST' all proposals), .
Analyst comments: ORCL -2.2% (downgraded to Sector Perform at RBC Capital Mkts; downgraded to Equal-Weight from Overweight at Morgan Stanley), SNDK -1% (downgraded to Reduce from Neutral at Nomura). MRO -0.8% (downgraded to Neutral from Buy at Citigroup), TXN -0.5% (downgraded to Reduce from Neutral at Nomura), SNI -0.3% (downgraded to Sector Perform at RBC Capital Mkts)
Select metals/mining stocks trading lower: GFI -3.6%, AG -3.5%, VGZ -2.9% (agrees to convert its interest in Awak Mas Gold Project into royalty), AU -2.9%, SLW -2.3% GG -1.9%, AUY -1.8%, GOLD -1.8%, KGC -1.7%, ABX -1.6%, BBL -0.5%, .
Other news: IMUC -54% (reports Phase II study demonstrates that glioblastoma patients live longer without disease progression when treated with ICT-107; primary endpoint of overall survival not statistically significant), SPPR -15% (announces suspension of dividends on its preferred stock), SYN -11.8% (prices 11.5 mln shares of common stock at $1.00), NWBO -8.9% (weakness attributed to IMUC news), TAM -5.2% (announces pricing of secondary offering of 10 mln shares of common stock at $20 per share), IAG -4.7% (suspends dividend), CSTM -4.6% (prices secondary offering of 8,345,713 shares of common stock at $19.80 per share by selling shareholders), NRF -4.3% (announces public offering of 50 mln shares of common stock), BNNY -4.2% (still checking), GWW -3.6% (reported Nov update), HRG -3% (files for 105,163,238 share common stock offering by selling shareholders), AES -2.2% (announces secondary offering of 40 mln shares of common stock by a subsidiary of CIC and concurrent repurchase of 20 mln shares of AES common stock), RBS -2.2% (still checking), SALE -2% (announced its follow-on offering of 6,267,137 shares of its Series 1 common stock at a price to the public of $26 per share), PF -0.9% (prices secondary offering of 17 mln shares of common stock at $26.75 per share), AWAY -0.9% (prices 6,018,630 shares of common stock at $37.00 by co and selling shareholder (~518K shares)), AMID -0.8% (prices offering of 2.4 mln common units at $22.47), ANF -0.8% (S&P MidCap 400 constituents ADS and MHK to replace ANF and JDSU in the S&P 500), MFA -0.4% (MFA Mortgage increased share repurchase program by 6 mln shares of common stock; declared quarterly cash dividend of $0.20/share, down from $0.22/share), SEAS -0.3% (prices 18 mln share secondary offering by selling shareholders at $30.00 per share), CSIQ -0.3% (announces 100MW module supply agreement with Zhenfa New Energy in China), CVX -0.2% (announces $39.8 bln capital and exploratory budget for 2014), TSPT 0.6% (announces that ISS proxy advisory services recommends 'AGAINST' all proposals), .
Analyst comments: ORCL -2.2% (downgraded to Sector Perform at RBC Capital Mkts; downgraded to Equal-Weight from Overweight at Morgan Stanley), SNDK -1% (downgraded to Reduce from Neutral at Nomura). MRO -0.8% (downgraded to Neutral from Buy at Citigroup), TXN -0.5% (downgraded to Reduce from Neutral at Nomura), SNI -0.3% (downgraded to Sector Perform at RBC Capital Mkts)