Gapping down
In reaction to disappointing earnings/guidance: AVID -21.8%, ONVO -19.7%, ARTX -18.2%, CLDX -15%, PFIE -14.2%, PBYI -12.7%, YUME -10.2%, ZBRA -10%, MM -8.8%, XON -8.5%, VIPS -6.7%, XONE -5.6%, GSAT -5.5%, TROV -5.4%, RGSE -5.1%, PRAA -5%, FRSH -4.7%, ZIOP -3.4%, HIBB -3.3%, TTWO -3.1%, DTSI -3%, ALIM -2.6%, ZGNX -2.6%, KHC-2.3%, CALA -2.1%, CARA -1.7%, BIOC -0.9%
Select metals stocks trading lower: FCX -4.5%, BHP -4.3%, RIO -3.6%, X -3.1%, VALE -2.8%, AA -2.3%
Select oil/gas related names showing early weakness: OAS -4.1%, SDRL -3.8%, SD -3%, RIG -2.4%, NOV -2.2%
Other news: WRLD -26.6% (disclosed that the staff of Consumer Financial Protection Bureau's Enforcement Office is considering recommending that the CFPB take legal action against the Company), ARTX -18.2% (filed to delay Form 10-Q; co also reported earnings), NCLH -3.6% (announced the launch of a 20 mln share secondary offering, by selling stockholders affiliated with Apollo Global Management (APO) and TPG Global), PTCT -3.1% (proposed to offer $125 mln of convertible senior notes due 2022), MHR -3% (discloses entry into a letter of intent with a private equity fund that sets out the preliminary non-binding terms and conditions of a proposed farm-out arrangement to develop certain undeveloped and unproved oil and gas leasehold acreage), POST -2.2% (announced an offering of $600 mln in senior notes due 2024 and $600 mln in senior notes due 2025; also reports an offering of $275 mln in common stock), AXTA -2.2% (announced a 30 mln share secondary offering of common stock, by selling stockholders affiliated with The Carlyle Group), ICON -2.2% (filed to delay Form 10-Q), GM -2.2% (China auto sales released), TWTR -2.1% (pulling back following yday's advance), QTS -1.7% ( announces the commencement of an underwritten public offering of 2.4 mln shares of its Class A common stock by a selling stockholder), COH -1.7% (still checking), F -1.6% (China auto sales released), ACHC -1.3% (announces a 5,033,230 mln share secondary offering of its common stock, by selling shareholders affiliated with Waud Capital Partners and Bain Capital Investors ), HSBC -1.1% (cont weakness), BABA -1.1% (pulling back following yday's advance), BFAM -0.9% (announces a secondary offering of 3 mln common stock shares)
Analyst comments: PNC -1.2% (downgraded to Underperform from Mkt Perform at Keefe Bruyette
)
In reaction to disappointing earnings/guidance: AVID -21.8%, ONVO -19.7%, ARTX -18.2%, CLDX -15%, PFIE -14.2%, PBYI -12.7%, YUME -10.2%, ZBRA -10%, MM -8.8%, XON -8.5%, VIPS -6.7%, XONE -5.6%, GSAT -5.5%, TROV -5.4%, RGSE -5.1%, PRAA -5%, FRSH -4.7%, ZIOP -3.4%, HIBB -3.3%, TTWO -3.1%, DTSI -3%, ALIM -2.6%, ZGNX -2.6%, KHC-2.3%, CALA -2.1%, CARA -1.7%, BIOC -0.9%
Select metals stocks trading lower: FCX -4.5%, BHP -4.3%, RIO -3.6%, X -3.1%, VALE -2.8%, AA -2.3%
Select oil/gas related names showing early weakness: OAS -4.1%, SDRL -3.8%, SD -3%, RIG -2.4%, NOV -2.2%
Other news: WRLD -26.6% (disclosed that the staff of Consumer Financial Protection Bureau's Enforcement Office is considering recommending that the CFPB take legal action against the Company), ARTX -18.2% (filed to delay Form 10-Q; co also reported earnings), NCLH -3.6% (announced the launch of a 20 mln share secondary offering, by selling stockholders affiliated with Apollo Global Management (APO) and TPG Global), PTCT -3.1% (proposed to offer $125 mln of convertible senior notes due 2022), MHR -3% (discloses entry into a letter of intent with a private equity fund that sets out the preliminary non-binding terms and conditions of a proposed farm-out arrangement to develop certain undeveloped and unproved oil and gas leasehold acreage), POST -2.2% (announced an offering of $600 mln in senior notes due 2024 and $600 mln in senior notes due 2025; also reports an offering of $275 mln in common stock), AXTA -2.2% (announced a 30 mln share secondary offering of common stock, by selling stockholders affiliated with The Carlyle Group), ICON -2.2% (filed to delay Form 10-Q), GM -2.2% (China auto sales released), TWTR -2.1% (pulling back following yday's advance), QTS -1.7% ( announces the commencement of an underwritten public offering of 2.4 mln shares of its Class A common stock by a selling stockholder), COH -1.7% (still checking), F -1.6% (China auto sales released), ACHC -1.3% (announces a 5,033,230 mln share secondary offering of its common stock, by selling shareholders affiliated with Waud Capital Partners and Bain Capital Investors ), HSBC -1.1% (cont weakness), BABA -1.1% (pulling back following yday's advance), BFAM -0.9% (announces a secondary offering of 3 mln common stock shares)
Analyst comments: PNC -1.2% (downgraded to Underperform from Mkt Perform at Keefe Bruyette
)