Gapping down
In reaction to disappointing earnings/guidance: SYMC -9.6% (reaffirms guidance, appointed interim CEO effective immediately; downgraded at Jefferies, Baird, Cowen, UBS), INVE -9.3%, DLIA -8% (light volume), AIR -6.2%, TIF -3.5%, RALY -3.3%, NKE -3.6%, ENVI -2.6% (light volume), DRI -2.6%, TISI -1.7% (also announces impact of Q3 weather delays; revises earnings guidance and announces revaluation of Venezuelan operations), WTSL -0.6% (light volume; also entered into definitive agreement with a single institutional investor to issue $27 mln of convertible notes as well as warrants to purchase Class A common stock in a private placement).
Other news: ISR -6.1% (modestly pulling back), ENLK -5.7% (prices public offering of 17,997,296 common units representing limited partner interests owned by GSO Crosstex and certain of its affiliates for total gross proceeds of ~ $550 mln), PBF -5.7% (prices secondary offering of 15 mln shares of its Class A common stock by funds affiliated with First Reserve Management for total gross proceeds of ~ $382.5 mln), BGMD -4.7% (still checking), BLDP -3.7% (still checking), WMC -3.2% ( declares first quarter dividend of $0.67 per share; announces estimated book value per share, as of Feb 28, 2014, was ~ $15.18), SONS -2.1% ( announces offering of common stock by selling stockholder and concurrent share repurchase), SGMO -1.7% (priced public offering of common stock consisting of 4,444,444 shares at $22.50 per share), HLF -1.2% ( Carl Icahn considering adding to HLF Board, but not to his stake, according to reports ; downgraded to Hold from Buy at Argus), ZION -0.7% (only bank that did not clear fed hurdle for capital and leverage), UA -0.7% (following NKE results), FMI -0.3% (files for $150 mln offering of common stock), BCS -0.3% ( has missed chance to participate in Alibaba IPO, according to reports).
Analyst comments: EQY -100% ( downgraded to Hold at MLV & Co; tgt lowered to $23), AMRI -3% (downgraded to Underperform from Neutral at Sterne Agee), CHL -2.6% (downgraded to Neutral from Overweight at HSBC Securities ), RBS -1.4% (downgraded to Equal Weight from Overweight at Barclays), CAG -1% ( downgraded to Neutral from Buy at Goldman), BA -1% (downgraded to Neutral from Buy at Goldman)
Other news: ISR -6.1% (modestly pulling back), ENLK -5.7% (prices public offering of 17,997,296 common units representing limited partner interests owned by GSO Crosstex and certain of its affiliates for total gross proceeds of ~ $550 mln), PBF -5.7% (prices secondary offering of 15 mln shares of its Class A common stock by funds affiliated with First Reserve Management for total gross proceeds of ~ $382.5 mln), BGMD -4.7% (still checking), BLDP -3.7% (still checking), WMC -3.2% ( declares first quarter dividend of $0.67 per share; announces estimated book value per share, as of Feb 28, 2014, was ~ $15.18), SONS -2.1% ( announces offering of common stock by selling stockholder and concurrent share repurchase), SGMO -1.7% (priced public offering of common stock consisting of 4,444,444 shares at $22.50 per share), HLF -1.2% ( Carl Icahn considering adding to HLF Board, but not to his stake, according to reports ; downgraded to Hold from Buy at Argus), ZION -0.7% (only bank that did not clear fed hurdle for capital and leverage), UA -0.7% (following NKE results), FMI -0.3% (files for $150 mln offering of common stock), BCS -0.3% ( has missed chance to participate in Alibaba IPO, according to reports).
Analyst comments: EQY -100% ( downgraded to Hold at MLV & Co; tgt lowered to $23), AMRI -3% (downgraded to Underperform from Neutral at Sterne Agee), CHL -2.6% (downgraded to Neutral from Overweight at HSBC Securities ), RBS -1.4% (downgraded to Equal Weight from Overweight at Barclays), CAG -1% ( downgraded to Neutral from Buy at Goldman), BA -1% (downgraded to Neutral from Buy at Goldman)