Gapping down
In reaction to disappointing earnings/guidance: FUEL -24.2%, GMED -19%, NUS -17%, GRPN -16.3%, FRGI -13.9%, CTSH -11.9%, TWX -11.1%, TTWO -7%, RLD -6.2%, ARIA -5.3%, PRAA -4.7%, CEQP -4.4%, CHUY -3.9%, FSLR -3.4%, PZZA -3.1%, IPXL -3.1%, PERI -3.1%, TI -3%, SGY -2.5%, Z -2.2%, CHK -2.1%, ANR -2%, XXIA -1.4%, KFX -1.4%, DPM -1.3%, GWPH -1.3%,CLR -1.2%, JCOM -1.2%, TRGT -1.1%, TRGT -1.1%, AVNR -1%, .
M&A news: S -13.7% (reports that co is abandoning its pursuit of T-Mobile (TMUS); T-Mobile shares also lower by 7.8%), TWX -11.1% (21st Century Fox withdraws its proposal to acquire Time Warner Inc), WAG -10.2% (to acquire remaining 55% of Alliance Boots that it does not currently own, not inversion related; establishes new adjusted EPS goal for fiscal 2016, announces buyback),TMUS -7.7% (following late move higher on reports of improved Iliad offer and/or joint DISH bid).
Select financial related names showing weakness: NBG -3.3%, RBS -1.6%, BCS -1.1%, DB -1%, LYG -0.8%, JPM -0.6%.
Other news: CYTX -28.6% (placed enrollment in the ATHENA and ATHENA II trials on clinical hold; anticipates that it will not be possible to complete enrollment of the ATHENA I trial prior to the end of 2014 as previously anticipated), CTP -5.5% (filed for a $50 mln common stock offering and for an offering of ~404.8K shares of common stock by a selling stockholder), SHPG -4.2% (volatility surrounding M&A spec), TSLX -3.8% (prices 5 mln shares of common stock by certain stockholders at $18.63 per share), PT -3.4% (EU concerns after Italy enters recession (Q2 GDP -0.2%, Q1 -0.1%)), SNN -3% (volatility surrounding M&A spec), AZN -2.6% (volatility surrounding M&A spec), MANU -2.3% (upsizes offering by 4 mln share and prices 12 mln shares of ordinary shares at $17.00 per share, all by selling shareholders), COUP -2.2% (following GRPN results), HLF -1.7% (NUS peer), SNCR -1.5% (to offer $200 mln of convertible senior notes).
Analyst comments: VNR -1.8% (downgraded to Hold at Wunderlich ), TGT -1.3% (downgraded to Neutral from Buy at Goldman), BYI -1.1% (downgraded to Hold at Stifel), PEP -0.4% (initiated with a Reduce at Nomura).
In reaction to disappointing earnings/guidance: FUEL -24.2%, GMED -19%, NUS -17%, GRPN -16.3%, FRGI -13.9%, CTSH -11.9%, TWX -11.1%, TTWO -7%, RLD -6.2%, ARIA -5.3%, PRAA -4.7%, CEQP -4.4%, CHUY -3.9%, FSLR -3.4%, PZZA -3.1%, IPXL -3.1%, PERI -3.1%, TI -3%, SGY -2.5%, Z -2.2%, CHK -2.1%, ANR -2%, XXIA -1.4%, KFX -1.4%, DPM -1.3%, GWPH -1.3%,CLR -1.2%, JCOM -1.2%, TRGT -1.1%, TRGT -1.1%, AVNR -1%, .
M&A news: S -13.7% (reports that co is abandoning its pursuit of T-Mobile (TMUS); T-Mobile shares also lower by 7.8%), TWX -11.1% (21st Century Fox withdraws its proposal to acquire Time Warner Inc), WAG -10.2% (to acquire remaining 55% of Alliance Boots that it does not currently own, not inversion related; establishes new adjusted EPS goal for fiscal 2016, announces buyback),TMUS -7.7% (following late move higher on reports of improved Iliad offer and/or joint DISH bid).
Select financial related names showing weakness: NBG -3.3%, RBS -1.6%, BCS -1.1%, DB -1%, LYG -0.8%, JPM -0.6%.
Other news: CYTX -28.6% (placed enrollment in the ATHENA and ATHENA II trials on clinical hold; anticipates that it will not be possible to complete enrollment of the ATHENA I trial prior to the end of 2014 as previously anticipated), CTP -5.5% (filed for a $50 mln common stock offering and for an offering of ~404.8K shares of common stock by a selling stockholder), SHPG -4.2% (volatility surrounding M&A spec), TSLX -3.8% (prices 5 mln shares of common stock by certain stockholders at $18.63 per share), PT -3.4% (EU concerns after Italy enters recession (Q2 GDP -0.2%, Q1 -0.1%)), SNN -3% (volatility surrounding M&A spec), AZN -2.6% (volatility surrounding M&A spec), MANU -2.3% (upsizes offering by 4 mln share and prices 12 mln shares of ordinary shares at $17.00 per share, all by selling shareholders), COUP -2.2% (following GRPN results), HLF -1.7% (NUS peer), SNCR -1.5% (to offer $200 mln of convertible senior notes).
Analyst comments: VNR -1.8% (downgraded to Hold at Wunderlich ), TGT -1.3% (downgraded to Neutral from Buy at Goldman), BYI -1.1% (downgraded to Hold at Stifel), PEP -0.4% (initiated with a Reduce at Nomura).