>>> US Gapping Down

Gapping down
In reaction to strong earnings/guidance
:
  • QHC -31.8%, SHLM -18.3%, NMM -9.3%, SHAK -7%, WSTL -6.6%, MCRB -4%, FLO -3.3%, EFOI -3.1%, VSTO -2.6%
  • CHMA -1.8%, BCLI -1.7%, DOOR -1.3%, SCON -1.3%, AEG -1.2%, IMOS -1.1%, CPG -1%
Other news:
  • ALIM -11% (commences common stock offering for undisclosed amount)
  • AMRN -9.6% (commences an underwritten public offering of its American Depositary pursuant to a shelf registration)
  • OMER -8.5% (commences 40 mln common stock offering )
  • FSP -6.1% (Franklin Street Properties announces underwritten public offering of 6,125,000 shares of its common stock)
  • CLF -3.3% (Cliffs Natural Resources priced 44.4 mln Common Shares at a public offering price of $6.75 per share )
  • BMCH -3% (commences 2.4 mln common stock offering by certain stockholders, including affiliates of The Gores Group, LLC and affiliates of Davidson Kempner Capital Management)
  • NRZ -2.3% ( priced its public offering of 20 mln shares of its common stock for gross proceeds of ~$284.0 mln)
  • RBS -1.8% (prices $2.65 bln of 8.625% Perpetual Subordinated Contingent Convertible Additional Tier 1 Capital Notes due 2021)
  • BRX -1.6% (announces secondary offering of 42.4 mln shares of common stock by selling shareholders )
  • HCLP -1.5% (Hi-Crush Partners enters into contribution agreement with Hi-Crush Proppants LLC to acquire Hi- Crush Blair LLC; commences primary public offering of 6.5 mln common units representing limited partnership interests in the Partnership)
Analyst comments:
  • SPWR -0.9% (downgraded to Equal Weight from Overweight at Barclays)
  • LITE -0.7% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
  • CBOE -0.7% (downgraded to Underperform from Neutral at BofA/Merrill)