Gapping down In reaction to disappointing earnings/guidance: DWCH -24.9%, JMEI -12.7%, BONT -12.4%, HI-12.1%, FGL -8.6%, WBAI -8%, RGSE -7.3%, LQDT -6.7%, CCIH -5.8%, SMTC -4.9%, JKS-4.3%, CRM -3.1%, EFUT -2.6%, GMCR -2.3%, (CFO stepping down next year), LB -1%, SPB-0.6%, .
M&A news: CGG -1.0% (confirms having been approached by Technip (TKPPY) in an unsolicited manner in respect of a potential combination)
Select EU financial related names showing weakness: BBVA -2.8%, ING -2.6%, DB -2.2%, SAN -1.7%, NBG -1.7%, HSBC -1.3%
Select iron ore stocks trading lower: RIO -3.1%, BHP -2.7%, MT -2.5%, VALE -1.0%
Other news: LXRX -12% ( announces proposed convertible senior notes offering; announces proposed common stock offering of $50 mln of shares of its common stock), WD -6.7% ( announced the commencement of an underwritten offering of 2 mln shares of its common stock held by funds managed by affiliates of Fortress Investment Group ), GPRO -6.4% (pricing of follow-on public offering of 10,360,500 shares of its common stock at a price to the public of $75.00 per share by co and selling shareholders), IRT -5% (announces public offering of 6 mln shares of common stock ), PRGO -4.1% (proposed public offering of $900 mln in ordinary shares), RMTI -2.9% (prices 6.5 mln shares of its common stock at a price to the public of $9.00 per share), SPWR -1.9% (disclosed reorganization plan aimed towards improving operating efficiency and cost structure; expects 85-115 employees to be affected; to incur $15-25 mln charge), OKS -1.6% ( discloses $650 mln common unit Equity Distribution Agreement ), ESNT -1.4% (prices 12 mln shares of common stock at $22.25 per share by co and selling shareholders), SFUN -1.3% and FSLR -1.2% (in symp with JKS earnings) GS -1.2% (Senate accuses GS of having unfair advantage in commodity markets, according to reports), CBPX-1.1% (prices 7 mln share common stock secondary offering at $14.75 per share by selling shareholders), BABA -1% (cont weakness), GM-0.9% (Arizona has filed a $3 bln lawsuit against GM, according to reports)
Analyst comments: ATHN -3% (downgraded to Underperform at RBC Capital Mkts), CLF -2.8% (downgraded to Hold from Buy at Deutsche Bank), CSTM -2.7% (downgraded to Neutral from Buy at Citigroup), SC -2.3% (downgraded to Underperform from Neutral at BofA/Merrill), MDRX -1.8% (downgraded to Sector Perform at RBC Capital Mkts), DNR -1.3% (downgraded to Equal Weight from Overweight at Barclays), SAPE -1.3% (downgraded to Hold at Stifel), TGT -0.7% (downgraded to Hold from Buy at Evercore ISI)