Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- PAY -16.2%, LULU -8%, CGI -4.6%, TAX -3.6%, AMBA -3.2%, COO -2.4%, (also CFO Gregory W. Matz announces plan to retire in early 2017)
- GPS -2.2%, (Gap reports August same store sales -3% vs -2% year ago and -4% last month ), AVGO -1.2%, SWHC -1.1%
Select EU financial related names showing weakness:
- BBVA -1.4%, SAN -1.1%, ING -0.7%, LYG -0.6%, CS -0.5%
Other news:
- XCOM -10.6% (after closing the day up nearly 60%)
- CCXI -10.2% (ChemoCentryx announces initial 12 week overall response rate results from an ongoing open label, single arm Phase Ib clinical trial with CCX872 in patients with advanced pancreatic cancer )
- PQ -4.4% (elects to not make semi-annual interest payment on its outstanding 10% Senior Notes due 2017)
- ZYNE -0.8% (files for $150 mln mixed securities shelf offering; enters into open market sale agreement under which it may issue and sell up to $30 mln in shares of common stock)
Analyst comments:
- CCL -4.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- STM -4% (downgraded to Underperform from Neutral at BofA/Merrill)
- GCO -1.6% (downgraded to Neutral at Robert W. Baird)
- CIEN -1.4% (downgraded to Hold from Buy at Drexel Hamilton)
- GEF -0.8% (downgraded to Neutral at DA Davidson)