Gapping down
M&A news: PF -0.6% (announced termination of merger agreement with Hillshire Brands (HSH); co entitled to receive a cash payment of $163 mln; reaffirmed FY14 EPS guidance).
Other news: PT -7.1% (still checking), UNIS -5.7% (filed for $200 mln mixed securities shelf offering and 600,000 shares common stock issued or issuable upon the exercise of warrants by holders), RLD -5.3% (hearing block trade), NUAN -4.4% (may be attributed to speculation that Apple (AAPL) will change to a different company to license its Siri voice recognition service out yesterday), WGP -3.7% (announced launch of 5 mln unit common unit offering by subsidiary of Anadarko (APC)), GEVA -3.6% (reports positive top-line results from Phase 3 Study Of Sebelipase Alfa In Children And Adults With LAL Deficiency), HRB -1.8% (attributed to block trade), KING -1.7% (pulling back after yesterday's move), PBI -1.7% (still checking), TE -1.6% (announced that it plans to offer 15.5 million shares of its common stock pursuant to an effective shelf registration statement).
Analyst comments: URBN +-2.6% (downgraded to Neutral from Outperform at Wedbush ), GNRC +-2.3% (downgraded to Neutral from Buy at BofA/Merrill), MNKD +-2.2% (downgraded to Hold at MLV & Co), XRX +-1.2% (downgraded to Neutral from Buy at Citigroup), SYMC +-1.1% (downgraded to Market Perform from Outperform at BMO Capital Markets), DECK +-1% (downgraded to Neutral from Outperform at Macquarie), GS +-0.8% (downgraded to Mkt Perform from Outperform at Bernstein), SHO +-0.8% (downgraded to Market Perform from Outperform at Wells Fargo).