Gapping down
In reaction to disappointing earnings/guidance: AMRC -8.9%, MEI -6.4%, DEG -5.6%, MILL -5.5%, MTN -3.2%, HZNP -3.1%, DCTH -2.3%, EMAN -2.1%, DG -2.1%, NSU -1.4%, JRCC -1.4%, ADUS -1.2%, PRSC -0.7%, .
Select names showing weakness following offerings: FIG -3.8% (announced launch of 28.28 mln share offering of Class A shares; certain officers and senior employees selling ~5.08 mln shares in the offering), ITMN-3.4% (announced public offering of 7.5 mln shares of common stock), URI -1.8% (prices $850 mln of 5.75% Senior Notes due 2024 and $525 mln of 6.125% Senior Notes due 2023 ),Q -1.6% (prices 15 mln shares of its common stock by certain of its shareholders at $52.00 per share), WLH -1.1% (filed for ~15.73 mln share common stock offering by selling shareholders), TKMR -0.7% (prices 2.125 mln share offering at $28.50 per share), STCK -0.6% (prices 5.6 mln shares of common stock at $19.50 per share by selling shareholders).
Other news: NTAP -1.1% (discloses ~600 employee reduction; expects to incur aggregate charges of ~$35 -45 mln, also downgraded to Hold from Buy at Lake Street Capital Mkts), KIOR -0.8% (canceled Q4 earnings call previously scheduled for Thursday, March 13, 2014)
Analyst comments: PVH -2.9% (downgraded to Market Perform from Outperform at Wells Fargo), EA -1.3% (downgraded to Neutral from Buy at BofA/Merrill), ED -0.6% (downgraded to Equal Weight from Overweight at Barclays).