Gapping down
In reaction to disappointing earnings/guidance: CTSO -41.2%, UTIW -13.7%, CRS -6.4%, SNX -5.3%, RKT -5.1%, HOTR -2.9%, VUZI -1.4%, MON -0.8%, BGCP -0.6%
M&A news: MAC -5.1% (unanimously rejects revised, unsolicited proposal from Simon Property Group)
Other news: HKTV -16.4% (issues statement in response to report by Asia Television Limited regarding the possible involvement of Hong Kong Television Network Limited in ATV), AKAO -9.8% (following co's webcast yday), BCRX -7% (following peer DYAX study results), CTP -4.9% (filed to delay Form 10-K; Sylvain Dhenin to assume role of CEO immediately following the filing), CHRS -3.9% (prices 4,137,931 shares of its common stock at $29.00 per share), NBG -3.1% (cont uncertaintly in Greece), JPST -2.7% (Handy & Harman (HNH) extends tender offer for shares of JPST until April 17 due to continuing discussions with the company), BEL -2.4% (disclosed that Filip Boyen has resigned as Chief Operating Officer effective immediately), MYL -1.6% (prices 35,000,000 ordinary shares held by certain subsidiaries of Abbott Laboratories (ABT), at $58.35 per share), BURL -0.9% (Burlington Stores announces that affiliates of Bain Capital Partners, LLC and certain other stockholders intend to offer 12,490,154 shares of the Company's common stock in an underwritten public offering), CGI -0.8% (filed for $250 mln mixed securities shelf offering)
Analyst comments: ONNN -4.2% (downgraded to Sell from Neutral at Goldman), PIR -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SBGL -2.5% (downgraded to Sell at Deutsche Bank), AAL -2.4% (downgraded to Hold from Buy at Deutsche Bank), UAL -2.3% (downgraded to Hold from Buy at Deutsche Bank), KORS -2.2% (downgraded to Neutral from Overweight at Piper Jaffray), DAL -2% (downgraded to Hold from Buy at Deutsche Bank), AMCX -1.6% (downgraded to Hold from Buy at Evercore ISI), UHS -1.5% (downgraded to Underperform from Neutral at Sterne Agee), MCC -1.5% (downgraded to Neutral at UBS), VALE -0.9% (downgraded to Underperform at Santander)
In reaction to disappointing earnings/guidance: CTSO -41.2%, UTIW -13.7%, CRS -6.4%, SNX -5.3%, RKT -5.1%, HOTR -2.9%, VUZI -1.4%, MON -0.8%, BGCP -0.6%
M&A news: MAC -5.1% (unanimously rejects revised, unsolicited proposal from Simon Property Group)
Other news: HKTV -16.4% (issues statement in response to report by Asia Television Limited regarding the possible involvement of Hong Kong Television Network Limited in ATV), AKAO -9.8% (following co's webcast yday), BCRX -7% (following peer DYAX study results), CTP -4.9% (filed to delay Form 10-K; Sylvain Dhenin to assume role of CEO immediately following the filing), CHRS -3.9% (prices 4,137,931 shares of its common stock at $29.00 per share), NBG -3.1% (cont uncertaintly in Greece), JPST -2.7% (Handy & Harman (HNH) extends tender offer for shares of JPST until April 17 due to continuing discussions with the company), BEL -2.4% (disclosed that Filip Boyen has resigned as Chief Operating Officer effective immediately), MYL -1.6% (prices 35,000,000 ordinary shares held by certain subsidiaries of Abbott Laboratories (ABT), at $58.35 per share), BURL -0.9% (Burlington Stores announces that affiliates of Bain Capital Partners, LLC and certain other stockholders intend to offer 12,490,154 shares of the Company's common stock in an underwritten public offering), CGI -0.8% (filed for $250 mln mixed securities shelf offering)
Analyst comments: ONNN -4.2% (downgraded to Sell from Neutral at Goldman), PIR -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SBGL -2.5% (downgraded to Sell at Deutsche Bank), AAL -2.4% (downgraded to Hold from Buy at Deutsche Bank), UAL -2.3% (downgraded to Hold from Buy at Deutsche Bank), KORS -2.2% (downgraded to Neutral from Overweight at Piper Jaffray), DAL -2% (downgraded to Hold from Buy at Deutsche Bank), AMCX -1.6% (downgraded to Hold from Buy at Evercore ISI), UHS -1.5% (downgraded to Underperform from Neutral at Sterne Agee), MCC -1.5% (downgraded to Neutral at UBS), VALE -0.9% (downgraded to Underperform at Santander)