Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ORIG -45.8%, CXRX -19%, XCOM -16.8%, (also provides Phase I trial data for AVXS-101 -- Continued motor function improvement with 25% of patients in the proposed therapeutic dose group in the normal range)
- PTX -15.8%, VJET -15.2%, RT -13.1%, APDN -5.5%, DDS -5%, AMDA -4.7%, DNAI -4.2%, UPLD -4.1%, UNXL -3.4%, (thinly traded), TRTN -2.7%, VIAV -1.8%
- AZPN -1%, PBR -0.8%
M&A news:
- PBFX -7.6% (announces letter of intent to acquire a 50% interest in Torrance Valley Pipeline Company LLC from an affiliate for a total consideration of ~$175.0 mln in cash; announces a 4 mln common unit underwritten public offering representing limited partner interests)
Select metals/mining stocks trading lower: RIO -2.6%, X -1.9%, BBL -1.5%, BHP -1.4%, AU -1.4%, FCX -1.3%, GOLD-1%, CLF -0.8%, .
Other news:
Other news:
- BTG -2.6% (enters into $100 mln equity distribution agreement for the issuance and sale of common shares)
- AEG -1.6% (continued weakness)
- GWR -0.5% (light volume, reports traffic for July 2016 was 242,950 carloads, -8.5% compared to July 2015)
Analyst comments:
- SPWR -1.2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- AZPN -1% (downgraded to Mkt Underperform from Mkt Perform at Avondale )
- M -0.8% (downgraded to Neutral from Outperform at Macquarie)