Gapping down
In reaction to disappointing earnings/guidance: TWTR -21.6%, EMAN -12%, P -10%, P -10%, ATML -8.3%, ATML -8.3%, SFLY -7.6%, WNC -7.6%, DRIV -5.8%, SWM -5.8%, SNE -5.4%, TYL -4.9%, TTMI -4.7%, SRI -4.6%, NXPI -4.4%, (also s its subsidiary is seeking to reprice its existing $486,250,000 Tranche A-1 Loans due 2017 GM -4.1%, CALD -3.5%, (acquires LeadRocket; co expects no significant contribution to revs from the new technology until the later part of 2014 and does not anticipate the acquisition to be dilutive to earnings in Q1), CX -3.3%, TSO -3.2%, PBH -3.2%, ENTR -3.1%, SQNS -3.1%, SNY -3.1%, SCSS -2.9%, AZN -2.7%, IRBT -2.5%, RNWK -2.2%, PAA -2.1%, FMC -2%, RSTI -2%, SWIR -1.9%, MRO -1.9%, MTGE -1.4%, CS -1.4%, FISV -1.3%, PRU -1.2%.
M&A news: CALD -3.5% (acquired LeadRocket; co expects no significant contribution to revs from the new technology until the later part of 2014 and does not anticipate the acquisition to be dilutive to earnings in Q1; co also reported earnings).
Select names showing early weakness following public offerings: PPHM -7.1% (announces public offering of Series E preferred stock), NLST(F) -6.5% (prices follow-on offering of 7,548,500 shares of its common stock at $1.30 per share), CSTM -2% (announced secondary offering of 25 mln shares by selling shareholder), EPD -0.6% (priced $2 bln of Senior Unsecured Notes; $850 mln due on February 15, 2024 and $1.15 bln due on February 15, 2045).
Other news: DDD -2.7% (cont weakness), FB -1.3% (following TWTR / YELP results), FEYE -0.7% (may be attributed to CEO's appearance on Mad Money), LNKD -0.6% (following TWTR results).
Analyst comments: TTMI -4.7% (downgraded to Neutral from Buy at Longbow), PIKE -2.5% (downgraded to Hold at Stifel; believe the price captures gradual core recovery), RYL -0.8% (removed from Conviction Buy list at Goldman).