Gapping down
In reaction to disappointing earnings/guidance: SGY -24.3%, RUBI -23.2%, CRAY -18.5%, KATE -18.1%, MXWL -16%,CROX -15.5%, CYH -12.3%, GLUU -10.5%, OESX -10.3%, ECR -9.7%, FARO -8.1%, HFC -7.9%, CALD -7.4%, QRVO -6.4%,HBI -6%, BECN -5.7%, ELGX -5.5%, TSRA -5.4%, CHUY -5.3%, ESIO -5.3%, PRTA -4.7%, REXX -4.6%, SM -4.6%, VRSK-4.4%, DATA -4.3%, DATA -4.3%, CRTO -4.2%, DXCM -4.1%, ZEN -4.1%, (also confirms that the final day of employment for Alan Black, former CFO, will be August 12 ), NFX -3.1%, NYMT -2.5%, QUMU -2%, SLCA -1.9%, (U.S. Silica to acquire Sandbox Enterprises for a combination of $75 million of cash on hand and ~4.2 million its common shares; expected to be modestly accretive to 2016 EPS and generate EPS accretion of $0.20 to $0.30 in 2017), OKS -1.8%, PBPB -1.7%, KLIC -1.6%, EA -1.5%,SBGI -1.5%, CLDT -1.4%, ENBL -1.3%, DVN -1.2%, RGR -1.1%, (also announces Succession Plan), TNAV -1%
M&A news:
In reaction to disappointing earnings/guidance: SGY -24.3%, RUBI -23.2%, CRAY -18.5%, KATE -18.1%, MXWL -16%,CROX -15.5%, CYH -12.3%, GLUU -10.5%, OESX -10.3%, ECR -9.7%, FARO -8.1%, HFC -7.9%, CALD -7.4%, QRVO -6.4%,HBI -6%, BECN -5.7%, ELGX -5.5%, TSRA -5.4%, CHUY -5.3%, ESIO -5.3%, PRTA -4.7%, REXX -4.6%, SM -4.6%, VRSK-4.4%, DATA -4.3%, DATA -4.3%, CRTO -4.2%, DXCM -4.1%, ZEN -4.1%, (also confirms that the final day of employment for Alan Black, former CFO, will be August 12 ), NFX -3.1%, NYMT -2.5%, QUMU -2%, SLCA -1.9%, (U.S. Silica to acquire Sandbox Enterprises for a combination of $75 million of cash on hand and ~4.2 million its common shares; expected to be modestly accretive to 2016 EPS and generate EPS accretion of $0.20 to $0.30 in 2017), OKS -1.8%, PBPB -1.7%, KLIC -1.6%, EA -1.5%,SBGI -1.5%, CLDT -1.4%, ENBL -1.3%, DVN -1.2%, RGR -1.1%, (also announces Succession Plan), TNAV -1%
M&A news:
- BIIB -1.3% (follow up to CNBC report that Allergan (AGN) is unlikely to be interested in a Biogen deal)
Other news:
- VGZ -11.6% (Vista Gold announces $15 million bought deal offering of units)
- RGC -4.3% (Regal Entertainment announces secondary offering 13 mln shares of Class A common stock by Anschutz Corporation pursuant to the shelf registration statement )
- NEE -1.8% (agrees to sell $1.50 bln of equity units to Goldman, Sachs & Co., Credit Suisse and Mizuho Securities)
Analyst comments:
- WDC -2.3% (downgraded to Sell from Neutral at Goldman)
- TREX -1.7% (downgraded to Neutral from Buy at CL King)