Gapping down
In reaction to disappointing earnings/guidance: CLMT -46.3%, (reports prelim Q1 results; suspends quarterly cash distribution of $0.685/unit; prices private placement of senior secured notes) GIGA -8.5%
M&A news: ATHM -1.8% ( receives non-binding $31.50/share acquisition proposal from a consortium)
Select oil/gas related names showing early weakness: OAS -9.2%, WTI -7.8%, WLL -6.8%, SDRL -6.8%, CHK -5.6%,MRO -5.3%, EVEP -5%, DVN -4.5%, RIG -4.1%, APC -3.9%, COP -3.3%, STO -2.7%, APA -2.4%
Other news: CHMA -57.7% (receives Complete Response Letter for its NDA for Mycapssa), SUNE -8.1% (is negotiating with creditors for a loan to carry it through bankruptcy reorganization, according to Bloomberg), KITE -6.3% (announces review of National Cancer Institute's manufacturing facilities), SNE -5.1% (Nikkei -3.4%, assessing damage from weekend earthquake),SOL -5.1% (announces the shipment of solar modules to 2 customers with aggregate volume of 81.5 MW ), SBGL -2.7% (advised stakeholders that it has revised and is implementing its organisational structures), MNKD -1.2% (filed $500 mln mixed self offering)
Analyst comments: ARMH -2.9% (downgraded to Hold from Buy at Jefferies), ECR -2.8% (downgraded to Hold from Buy at Johnson Rice), COTY -1.5% (downgraded to Neutral from Buy at BofA/Merrill), CHD -1.5% (downgraded to Underperform from Neutral at BofA/Merrill), ALV -1.4% (downgraded to Sell from Neutral at Goldman ), C -0.5% (downgraded to Mkt Perform from Outperform at Keefe Bruyette)
In reaction to disappointing earnings/guidance: CLMT -46.3%, (reports prelim Q1 results; suspends quarterly cash distribution of $0.685/unit; prices private placement of senior secured notes) GIGA -8.5%
M&A news: ATHM -1.8% ( receives non-binding $31.50/share acquisition proposal from a consortium)
Select oil/gas related names showing early weakness: OAS -9.2%, WTI -7.8%, WLL -6.8%, SDRL -6.8%, CHK -5.6%,MRO -5.3%, EVEP -5%, DVN -4.5%, RIG -4.1%, APC -3.9%, COP -3.3%, STO -2.7%, APA -2.4%
Other news: CHMA -57.7% (receives Complete Response Letter for its NDA for Mycapssa), SUNE -8.1% (is negotiating with creditors for a loan to carry it through bankruptcy reorganization, according to Bloomberg), KITE -6.3% (announces review of National Cancer Institute's manufacturing facilities), SNE -5.1% (Nikkei -3.4%, assessing damage from weekend earthquake),SOL -5.1% (announces the shipment of solar modules to 2 customers with aggregate volume of 81.5 MW ), SBGL -2.7% (advised stakeholders that it has revised and is implementing its organisational structures), MNKD -1.2% (filed $500 mln mixed self offering)
Analyst comments: ARMH -2.9% (downgraded to Hold from Buy at Jefferies), ECR -2.8% (downgraded to Hold from Buy at Johnson Rice), COTY -1.5% (downgraded to Neutral from Buy at BofA/Merrill), CHD -1.5% (downgraded to Underperform from Neutral at BofA/Merrill), ALV -1.4% (downgraded to Sell from Neutral at Goldman ), C -0.5% (downgraded to Mkt Perform from Outperform at Keefe Bruyette)