Gapping down
In reaction to disappointing earnings/guidance: PCP -3.6%, PNC -1%, MRTN -0.8%, USB -0.8%, BAC -0.5%
M&A news: ALU -15.2% (Alcatel-Lucent and Nokia (NOK) confirm agreement to combine; stock weakness due to dilution from all stock merger)
Other news: PAL -21.6% (announces recapitalization), HNR -20.8% (discloses update to discussions with PDVSA toward reaching an agreement for an 'amicable' exit from Petrodelta), WLT -7.7% (announces an update on its efforts to improve its capital structure), NGB -6.6% (cont uncertainty in Greece), MRCC -4.3% (announces the public offering of common shares; size and price of offering not disclosed), STWD -2.5% (priced 12 mln share common stock offering for total estimated gross proceeds of ~$286 mln), KLAC -2.4% (lowered INTC CapEx guidance), LRCX -1.5% (lowered INTC CapEx guidance), SAGE -1.2% (prices 2,285,714 shares of its common stock at $52.50 per share), NEWM -1.1% (filed mixed securities shelf offering), AKBA -0.8% (announces proposed public offering of $60 mln in common stock ), SFS -0.8% (prices 10.0 million shares common stock by certain stockholders, including affiliates of Ares Management, at $18.50 per share)
Analyst comments: SD -1.9% (resumed with a Sell at Goldman), VALE -1.3% (downgraded to Neutral from Overweight at JP Morgan), MPEL -1.1% (downgraded to Equal Weight from Overweight at Barclays), TREX -1.1% (initiated with a Neutral at Wedbush), OAS -1.1% (initiated with a Sell at Goldman), TPLM -1% (downgraded to Neutral at Robert W. Baird), CXO -1% (downgraded to Neutral from Buy at Goldman; downgraded to Neutral from Outperform at Macquarie), CMI -0.9% (downgraded to at ), SC -0.9% (downgraded to Neutral from Overweight at JP Morgan), DNR -0.8% (initiated with a Sell at Goldman)
In reaction to disappointing earnings/guidance: PCP -3.6%, PNC -1%, MRTN -0.8%, USB -0.8%, BAC -0.5%
M&A news: ALU -15.2% (Alcatel-Lucent and Nokia (NOK) confirm agreement to combine; stock weakness due to dilution from all stock merger)
Other news: PAL -21.6% (announces recapitalization), HNR -20.8% (discloses update to discussions with PDVSA toward reaching an agreement for an 'amicable' exit from Petrodelta), WLT -7.7% (announces an update on its efforts to improve its capital structure), NGB -6.6% (cont uncertainty in Greece), MRCC -4.3% (announces the public offering of common shares; size and price of offering not disclosed), STWD -2.5% (priced 12 mln share common stock offering for total estimated gross proceeds of ~$286 mln), KLAC -2.4% (lowered INTC CapEx guidance), LRCX -1.5% (lowered INTC CapEx guidance), SAGE -1.2% (prices 2,285,714 shares of its common stock at $52.50 per share), NEWM -1.1% (filed mixed securities shelf offering), AKBA -0.8% (announces proposed public offering of $60 mln in common stock ), SFS -0.8% (prices 10.0 million shares common stock by certain stockholders, including affiliates of Ares Management, at $18.50 per share)
Analyst comments: SD -1.9% (resumed with a Sell at Goldman), VALE -1.3% (downgraded to Neutral from Overweight at JP Morgan), MPEL -1.1% (downgraded to Equal Weight from Overweight at Barclays), TREX -1.1% (initiated with a Neutral at Wedbush), OAS -1.1% (initiated with a Sell at Goldman), TPLM -1% (downgraded to Neutral at Robert W. Baird), CXO -1% (downgraded to Neutral from Buy at Goldman; downgraded to Neutral from Outperform at Macquarie), CMI -0.9% (downgraded to at ), SC -0.9% (downgraded to Neutral from Overweight at JP Morgan), DNR -0.8% (initiated with a Sell at Goldman)