Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- FUEL -30.8%, (also names new CFO), NUVA -12.4%, EW -11.6%, WFT -10.7%, P -8.9%
- COLL -8.4%, (sees Q3 revs of $400k vs $2.20 mln two analyst estimate; sees cash and cash equivalents of approximately $90.9 mln as of September 30; commences common stock offering), SIX -7.3%, LUV -6.7%, CHRW -6.5%, GLAD -4.8%, (to sell shares of its common stock in an underwritten public offering;)
- RCKY -4.3%, ABAX -4%, CMG -3.9%, (also also approved the investment of up to an additional $100 million, exclusive of commissions, to repurchase shares of our common stock), USNA -3.9%, ( also approved a two-for-one stock split of the Company's common shares), CAB -3.4%, HT -3.2%, EBSB -3%
- AAPL -2.8%, ALLY -2.8%, FCBC -2.7%, BLDP -2.3%, COF -1.9%, SLAB -1.7%, IR -1%
Select oil/gas related names showing early weakness: SDRL -1.8%, MRO -1.3%, RDS.A -1.1%, CHK -1%, RIG -0.9%, BP-0.9%, .
Other news:
Other news:
- BLPH -18.9% (files for $24 mln mixed securities shelf offering)
- RTTR -18.5% (prices 2,127,660 shares of its common stock at a price to the public of $2.35)
- TNXP -16.1% (intends to offer shares of its common stock and warrants to purchase common stock in an underwritten public offering pursuant to a shelf registration statement on Form S-3 previously filed )
- DPLO -6.5% (promotes Paul Urick to President effective November 1st)
- DPLO -6.5% (CFO Sean Whelan to step down, Paul Urick has been promoted to Diplomat's president)
- BLDP -2.3% (closes joint venture deal for local production of fuel cell stacks in China; expected to generate $170 mln minimum revenue over 5-years)
- ADC -2.2% (commences underwritten public offering of 1,650,000 shares of its common stock)
- RRR -2.2% (files for offering of 37.51 mln shares on behalf of selling shareholders)
- ERIC -1.6% (appoints Borje Ekholm as President and CEO, effective Jan 16)
Analyst comments:
- LOW -1.6% (downgraded to Neutral from Overweight at JP Morgan)
- GM -1.2% (downgraded to Neutral from Buy at BofA/Merrill)