Gapping down
In reaction to disappointing earnings/guidance: GIMO -24.2%, SPNC -17.6% (light volume), MY -16.3%, LPSN -3.1% (also downgraded to Hold from Buy at The Benchmark Company), ZEP -2.2%, BC -2.1%, NMFC -1.2%.
Select financial related names showing weakness: ING -3.6%, IRE -2.3%, BCS -1.7%, DB -1%, PUK -1%.
A few Japan related names lower (Japan's Nikkei -1.4%): HMC -2.1%, TM -1.4%
Other news: JRCC -48.3% (James River Coal files for Chapter 11 reorganization to restructure balance sheet and continue exploration of strategic alternatives), NAT -11.2% (announces public offering of 10 mln common shares pursuant to the co's effective shelf registration statement; upsizes offering by 2 mln shares and prices 12 mln shares of common stock at $8.62 per share), VJET -3.5% (announces offering of ADSs; files for offering of 4 mln ADSs representing 800k ordinary shares ), BT -2.5% and DEG -2.5% (still checking), STWD -2.1% (announces 22 mln share offering of common stock), GST -2.1% (announces Marcellus Shale production temporarily interrupted due to rupture of third party-operated pipeline), APOL -2.1% (still checking), OKS -1.6% ( subsidiary, Midwestern Gas Transmission, applies for pre-filing process with FERC), PSEC -1.2% (announces offering of $400 mln of senior unsecured convertible notes due 2020).
Analyst comments: QCOR -3.2% (downgraded to Hold from Buy at Jefferies), O -1.2% (initiated with a Underweight at Morgan Stanley), AEO -1.1% (downgraded to Neutral from Buy at Janney), CSCO -0.9% (downgraded to Hold at Wunderlich; tgt lowered to $24 ), SINA -0.5% (downgraded to Neutral from Buy at Mizuho), SWN -0.5% (downgraded to Neutral from Buy at Citigroup), STO -0.4% (downgraded to Hold from Buy at Societe Generale)