Gapping down
In reaction to disappointing earnings/guidance: KORS -9.7%, WDAY -8.6%, CHS -6.1%, VNET -4.9%, FWM -4.5%, IG -2.8%, MY -1.1%
Select metals/mining stocks trading lower: HMY -2.7%, AU -2.3%, DRD -1.7%, IAG -1%
Other news: COT -3.4% (announced a bought-deal offering to underwriters led by CIBC and Barclays, of 14.1 mln common shares at $9.25/share, for proceeds of ~$130.4 mln), VPCO -3.3% (received deficiency letter from Nasdaq), KATE -2.2% (in sympathy with KORS), PLAY -2.1% (announced a secondary offering of 8.5 mln shares of common stock, by selling stockholders),FEYE -1.8% (announced a $600 million convertible notes offering)
Analyst comments: CHKP -2.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley), COH -1.6% (initiated with an Underweight at BB&T Capital Mkts
)
In reaction to disappointing earnings/guidance: KORS -9.7%, WDAY -8.6%, CHS -6.1%, VNET -4.9%, FWM -4.5%, IG -2.8%, MY -1.1%
Select metals/mining stocks trading lower: HMY -2.7%, AU -2.3%, DRD -1.7%, IAG -1%
Other news: COT -3.4% (announced a bought-deal offering to underwriters led by CIBC and Barclays, of 14.1 mln common shares at $9.25/share, for proceeds of ~$130.4 mln), VPCO -3.3% (received deficiency letter from Nasdaq), KATE -2.2% (in sympathy with KORS), PLAY -2.1% (announced a secondary offering of 8.5 mln shares of common stock, by selling stockholders),FEYE -1.8% (announced a $600 million convertible notes offering)
Analyst comments: CHKP -2.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley), COH -1.6% (initiated with an Underweight at BB&T Capital Mkts
)