Gapping down
In reaction to disappointing earnings/guidance: PSO -16.4%,
VMW -11.3%, (EMC and VMware announce plans to form a new cloud services business, by combining their respective cloud capabilities under the Virtustream brand),
BDR -8.2%, (thinly traded, says it continued to experience lower than anticipated sales during Q3, liquidity position has not improved),
CMG -7.3%,
WSCI -6%,
IRBT -5.1%,
CLS -3.2%,
EMC -2.6%,
CS -2%,
YHOO -1.6%,
NTRS -1.5%,
IBKR -1%,
PII -0.9%,
RUSHA -0.8%,
CSL -0.6%,
FTI -0.5%,
KO -0.4%
M&A news: LRCX -3.6% (KLAC to be acquired by LRCX for value of ~$67.02/share, or ~$10.6 bln),
WDC -2.6% (SanDisk to be acquired by WDC for $86.50/share, or ~$19 bln; also reported earnings)
Select metals/mining stocks trading lower: SBGL -1.6%,
HMY -1.5%,
GFI -1.4%,
SLV -0.8%
Other news: SNTA -59.3% (terminates Phase 3 GALAXY-2 trial of ganetespib and docetaxel),
FWM -2.6% (following intraday spike higher on increased volume--ended the day +30%),
EMC -2.6% (EMC and VMware announce plans to form a new cloud services business, by combining their respective cloud capabilities under the Virtustream brand),
HSBC -2% (in symp with CS),
GBSN -1.6% (received a notice from Nasdaq for non-compliance with the exchange's minimum market cap and $1 minimum price bid standards),
JD -1.6% (Shanghai -3.1% overnight),
AMD -1% (S&P downgraded Advanced Micro Devices to 'CCC+' from 'B-' on weak operating performance; Outlook Negative),
QIHU -0.8% (Shanghai -3.1% overnight),
DB -0.8% (in symp with CS)
Analyst comments: HOG TWTR -4% (downgraded to Underweight from Equal-Weight at Morgan Stanley), MU -1% (downgraded to Underperform at BofA/Merrill), -0.5% (downgraded to Neutral from Overweight at JP Morgan)