Gapping down
In reaction to disappointing earnings/guidance: MXPT -10.1%, SZMK -8.8%, AEG -8.3%, AEG -8.3%, CPA -7.4%, KSS -6.8%, XNET -6.1%, IOT -6%, PAH -3.3%, NTES -3%, NRX -2.9%, AYA -1.3%
Select metals/mining stocks trading lower: GFI -5.6%, HMY -5.2%, AU -5%, CDE -3.8%, ABX -2.3%, GDX -2%, GOLD -2%, PAAS -1.9%, MT -1.4%, SLW -1.2%, AEM -1.2%, RIO -1%, SLV -0.7%, GLD -0.7%, BHP -0.7%
Other news: BGMD -31.8% (announces a public offering of Series A and Series B units), SHAK -7.8% (priced 4 mln share secondary offering of common stock at $60 per share), AQXP -7.7% (10% owner Johnson & Johnson disclosed sale of ~1.51 mln shares), CTRE -5.5% (prices offering of 14,200,000 shares of its common stock at a price to the public of $10.50 per share), CERE -5.3% (modest pull back following yday advance), LDRH -3% ( announces a public offering of common stock; size and terms not disclosed ), FANG -2.4% ( launches a 2 mln share public offering of common stock), FANG -2.4% upsizes offering by 500K shares and prices 2.5 mln shares of its common stock for total proceeds of ~$176 mln, CDW -1.8% (prices offering by selling stockholders of 11,250,000 shares of common stock at $38.25 per share), POST -1.4% (priced offering of 5.85 mln shares of common stock at $60 per share)
Analyst comments: KERX -4.8% (initiated with an Underweight at Morgan Stanley), ICPT -3% (initiated with an Underweight at Morgan Stanley), RLYP -2.9% (initiated with an Underweight at Morgan Stanley), MEMP -1.9% (downgraded to Neutral from Overweight at JP Morgan ).