Gapping Down:
In reaction to disappointing earnings/guidance: SMTC -18.0% (downgraded at Oppenheimer, B. Riley), RAD -5.7%, KBH -3.3%, APOG -2.5%, DRI -1.2%, MLHR -0.8%
Precious metals stocks getting hit with weakness in underlying metals: GFI -3.8%, SLV -3.1%, AUY -2.7%, AU -2.6%, HMY -2.5%, KGC -2.4%, RGLD -2.3%, NEM -2.0%
Other news: GIG -8.5% announces proposed public offering of common stock (no amount given); CVM -8.5% announces proposed public offering of common stock and warrants (amount not given); VRTX -7.5% Vertex Pharm announces results of Phase 3 Study of Ivacaftor in people with CF who have the R117H Mutation; study did not meet its primary endpoint); CIE -7.2% announces targeted zones of its Aegean #1 exploratory well on Keathley Canyon Block 163 in the U.S. Gulf of Mexico did not encounter commercial hydrocarbons and operations are underway to plug and abandon the wellbore); IBN -5.3% (still checking for anything specific); SPCB -4.5% (priced 3 mln ordinary shares at $4.00 per share); FB -4.3% Facebook commences public offering of 70 mln shares of its Class A common stock; total of 27,004,761 shares are being offered by co, and a total of 42,995,239 shares are being offered by certain selling stockholders, including 41.35 mln shares offered by Mark Zuckerberg); WDR -1.6% (Waddell & Reed increases quarterly dividend by 21% to $0.34 per share from $0.28 per share); TSLA -0.7% (Tesla Motors Model S charging system may have started California garage fire, according to reports); MCD -0.3% (McDonald's Japan lowers revenue forecast to JPY 280 bln versus prior guidance of JPY 285 bln); UUUU -0.2% Energy Fuels enters into a Securities Purchase Agreement to sell all of its shares of Bayswater Uranium to Mega Uranium in exchange for 1.75 mln newly issued common shares of Mega)
Precious metals stocks getting hit with weakness in underlying metals: GFI -3.8%, SLV -3.1%, AUY -2.7%, AU -2.6%, HMY -2.5%, KGC -2.4%, RGLD -2.3%, NEM -2.0%
Other news: GIG -8.5% announces proposed public offering of common stock (no amount given); CVM -8.5% announces proposed public offering of common stock and warrants (amount not given); VRTX -7.5% Vertex Pharm announces results of Phase 3 Study of Ivacaftor in people with CF who have the R117H Mutation; study did not meet its primary endpoint); CIE -7.2% announces targeted zones of its Aegean #1 exploratory well on Keathley Canyon Block 163 in the U.S. Gulf of Mexico did not encounter commercial hydrocarbons and operations are underway to plug and abandon the wellbore); IBN -5.3% (still checking for anything specific); SPCB -4.5% (priced 3 mln ordinary shares at $4.00 per share); FB -4.3% Facebook commences public offering of 70 mln shares of its Class A common stock; total of 27,004,761 shares are being offered by co, and a total of 42,995,239 shares are being offered by certain selling stockholders, including 41.35 mln shares offered by Mark Zuckerberg); WDR -1.6% (Waddell & Reed increases quarterly dividend by 21% to $0.34 per share from $0.28 per share); TSLA -0.7% (Tesla Motors Model S charging system may have started California garage fire, according to reports); MCD -0.3% (McDonald's Japan lowers revenue forecast to JPY 280 bln versus prior guidance of JPY 285 bln); UUUU -0.2% Energy Fuels enters into a Securities Purchase Agreement to sell all of its shares of Bayswater Uranium to Mega Uranium in exchange for 1.75 mln newly issued common shares of Mega)