Gapping down
In reaction to disappointing earnings/guidance: GSE -21.6%, PATH -8.1%, APP -7.9%, SANW -7.1%, BONA -6.7%, STRM -4.9% (also announces intent to acquire two companies; sees Q3 revs of $6.7 mln vs $8.48 mln two analyst estimate; provides FY14 guidance), TROV -4.5% (light volume), JWN -1.5%, AMAT -0.3%.
M&A news: TRLA -2.5% (following comments from CEO on CNBC that company is not for sale ), MW -1.3% (Jos. A. Bank terminates acquisition proposal as Men's Wearhouse fails to engage in discussions).
Other news: FU -4.8% (continued weakness; denies the misleading and inaccurate allegations made in a recent report published by Alfred Little), TMUS -2.9% (prices 66.15 mln shares of common stock at $25.00 per share ), ADES -2.4% ( commences public offering of common stock, size not disclosed), IPG -1.6% (WPP is not preparing bid $25/share to takeover IPG, denying previous reports, according to reports ), NFLX -1.5% (following reports that Comcast to sell movies for download and streaming), ANF -1% (following cautious comments on MadMoney), BIDU -0.5% (Baidu.com sued for alleged online video piracy, according to reports), HSOL -0.5% (announces at-the-market equity ofering of up to an aggregate of $70 mln of its ADSs, each representing five ordinary shares of par value $0.0001 per share).
Analyst comments: GOGO -2.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley ), BBRY -1.2% (downgraded to Underperform from Neutral at Macquarie), K -0.8% (downgraded to Underweight from Equal Weight at Barclays), PRU -0.5% (downgraded to Hold from Buy at Deutsche Bank), SLGN -0.4% (Silgan Holdings downgraded to Underperform from Neutral at BofA/Merrill).