Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- APOG -15.3%, MLHR -9.5%, BGCP -5.1%, DRI -3.6%, ABM -3.2%, ACN -1.7%
M&A news:
- XPER -11.8% (Xperi and TiVo [TIVO] to combine in an all-stock transaction)
Other news:
- NERV -18.7% (reports disappointing topline results from Phase 2b Trial of MIN-117)
- GDOT -9.1% (CEO and CFO retire, reaffirms outlook but guides revs at low end)
- AKRX -5% (continued weakness)
- AMRN -2.5% (attributed to cautious newsletter mention)
- XCUR -2% (proposes public offering of common stock)
- PING -2% (extending yesterday's late move lower)
- MOS -1.7% (intends to reduce fertilizer production until markets improve)
- UBER -0.6% (Reuters reporting that German court has bannedride-hailing services)
Analyst comments:
- QUOT -2.7% (light volume - initiated with an Underweight at Morgan Stanley; tgt $8)
- CL -0.6% (downgraded to Neutral at Bofa)