Gapping down
In reaction to disappointing earnings/guidance:
- JCP -25.7%, SPTN -18.5%, NTAP -4%, JD -2.7%, GFI -2.6%, DDS -0.6%
Other news:
- IIN -10.1% (prices underwritten public offering of 1.5 mln shares of its common stock at a public offering price of $55.00 per share)
- GNL -6.8% (announces offering of 4.0 mln shares of common stock)
- ORC -4.1% (declared August monthly dividend of $0.08/share, prior month $0.09/share)
- PRO -3% (prices follow-on public offering of 3.8 mln shares of its common stock at a price to the public of $34.00 per share)
- BBY -0.9% (to acquire GreatCall for $800 mln in cash)
- ILMN -0.6% ( to offer approx. $650 mln aggregate principal amount of convertible senior notes due 2023)
Analyst comments:
- NANO -1.7% (downgraded to Neutral from Buy at DA Davidson)
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