Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- GIGA -26.6%, KORS -7.3%, MOS -6.7%, ALLT -5.6%, YRCW -4.8%, FMC -4.4%, KN -4.3%, BP -3.6%, ARWR -3.2%, MAC -3%, LMNX -2.4%, VSH -2.4%
- TLLP -2%, STO -1.9%, BMI -1.8%
- AM -1.6%, (provides prelim Q4 results; announces the formation of a joint venture to develop processing and fractionation assets in Appalachia; increases 2017 guidance; commences an underwritten public offering of 5,000,000 common units representing limited partner interests)
- GAIN -1.1%, FOXA -0.7%
Select EU financial related names showing weakness in sympathy with BNP Paribas (-5% in France after earnings):
- CS -0.9%, DB -0.6%, HSBC -0.5%, SAN -0.5%
Select metals/mining stocks trading lower:
- AUY -2.5%, KGC -1.9%, HMY -1.4%, GFI -1.4%, ING -1.4%,NEM -1.2%, AU -1.1%, ABX -0.9%, AG -0.9%, GOLD -0.8%,GDX -0.8%, SLV -0.5%
Other news:
- KTOV -23.9% (late decline on speculation of an investigation involving the company's CEO)
- FXCM -19.7% (confirms settlement with NFA and CFTC and non-binding letter of intent for GAIN Capital (GCAP) to purchase FXCM's U.S. customer accounts)
- AUPH -8.1% (Aurinia Pharma accepted the resignation of Charles Rowland as CEO and appointed Dr. Richard Glickman as new CEO)
- HLI -3.4% (02/06 16:16 BFPL N HLI Houlihan Lokey commences 10 mln common stock offering, consisting of 7.5 mln shares offered by the co and 2.5 shares offered by certain of its employees and members of management)
- TEVA -3.3% (appoints Dr. Yitzhak Peterburg as Interim CEO succeeding Erez Vigodman and names Dr. Sol J. Barer as Chairman)
- AM -1.6% (provides prelim Q4 results; announces the formation of a joint venture to develop processing and fractionation assets in Appalachia;upsizes and prices offering of 6 mln common units at $33.00 per unit)
- EBAY -0.9% (eBay lower after disclosing material weakness in its internal control over financial reporting and filing mixed securities shelf offering), .
Analyst comments:
- RH -4.6% (downgraded to Underperform from Neutral at Buckingham Research)
- AKG -1.6% (downgraded to Hold from Speculative Buy at Canaccord Genuity)
- CMO -1.2% (downgraded to Market Perform from Outperform at Wells Fargo)