Gapping down
In reaction to disappointing earnings/guidance: LJPC -12.5%, (also results from Phase 2 Study of GCS-100 in Chronic Kidney Disease Being Presented), RVNC -9.5%, JCP -7.6%, AEG -7.5%, RLGT -6.8%, XONE -5.2%, LOCM -4.1%, NTAP -3.8%, HIMX -3%, OAKS -2.7%, HTHT -2.1%, NTES -2%, KSS -1.6%, CHMI -1%, CSCO -0.9%, (CFO to step down -- Cisco plans to appoint Kelly A. Kramer to succeed Mr. Calderoni. She is currently senior vice president, Business Technology and Operations Finance of Cisco)
M&A news: HAS -2.6% (reports that Hasbro (HAS) in discussions to purchase DWA), PG -1.2% (Berkshire Hathaway Inc. (BRK.A) announced that it has entered into a definitive agreement to acquire the Duracell battery business from P&G )
Select EU financial related names showing weakness: SAN -1.3%, RBS -1%, DB -0.7%, HSBC -0.7%
Select oil/gas related names showing early weakness: SGY -1.9%, TOT -1.5%, SDRL -1.5%, BP -1.1%, STO -1.1%, RDS.A -1%, XOM -0.8%
Other news: BAXS -72.2% (announced that the company has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code), WLT -3.6% ( files $2.5 bln mixed shelf ), ALG -3.5% (priced the public offering of 1,722,270 shares of common stock by selling shareholders at $43.00/share), MNK -3.2% (responds to FDA's expected reclassification of Methylphenidate ER), ALU-3.1% (still checking), TCBI -2% ( announces ~2.5 mln share common stock offering), VOYA -2% (announced that ING Group has entered into an agreement with a syndicate of underwriters to sell Voya Financial common stock in an underwritten public offering), RXN -2% (announced the launch of a public offering of 14,729,045 common shares by funds affiliated with Apollo Global Management), MX -1.9% (co said it expects to file 2013 Form 10-K and Form 10-Q soon but cannot be certain how much time will ultimately be required to complete the restatement process), CHMI -1% (files for the sale of 1 mln shares by Chairman of the Board Stanley Middleman; co also filed for a $500 mln mixed securities shelf offering)
Analyst comments: MSG -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), BMY -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MRVL -2.5% (downgraded to Sell from Neutral at Goldman), JBL -0.6% (downgraded to Neutral from Buy at Goldman
)
In reaction to disappointing earnings/guidance: LJPC -12.5%, (also results from Phase 2 Study of GCS-100 in Chronic Kidney Disease Being Presented), RVNC -9.5%, JCP -7.6%, AEG -7.5%, RLGT -6.8%, XONE -5.2%, LOCM -4.1%, NTAP -3.8%, HIMX -3%, OAKS -2.7%, HTHT -2.1%, NTES -2%, KSS -1.6%, CHMI -1%, CSCO -0.9%, (CFO to step down -- Cisco plans to appoint Kelly A. Kramer to succeed Mr. Calderoni. She is currently senior vice president, Business Technology and Operations Finance of Cisco)
M&A news: HAS -2.6% (reports that Hasbro (HAS) in discussions to purchase DWA), PG -1.2% (Berkshire Hathaway Inc. (BRK.A) announced that it has entered into a definitive agreement to acquire the Duracell battery business from P&G )
Select EU financial related names showing weakness: SAN -1.3%, RBS -1%, DB -0.7%, HSBC -0.7%
Select oil/gas related names showing early weakness: SGY -1.9%, TOT -1.5%, SDRL -1.5%, BP -1.1%, STO -1.1%, RDS.A -1%, XOM -0.8%
Other news: BAXS -72.2% (announced that the company has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code), WLT -3.6% ( files $2.5 bln mixed shelf ), ALG -3.5% (priced the public offering of 1,722,270 shares of common stock by selling shareholders at $43.00/share), MNK -3.2% (responds to FDA's expected reclassification of Methylphenidate ER), ALU-3.1% (still checking), TCBI -2% ( announces ~2.5 mln share common stock offering), VOYA -2% (announced that ING Group has entered into an agreement with a syndicate of underwriters to sell Voya Financial common stock in an underwritten public offering), RXN -2% (announced the launch of a public offering of 14,729,045 common shares by funds affiliated with Apollo Global Management), MX -1.9% (co said it expects to file 2013 Form 10-K and Form 10-Q soon but cannot be certain how much time will ultimately be required to complete the restatement process), CHMI -1% (files for the sale of 1 mln shares by Chairman of the Board Stanley Middleman; co also filed for a $500 mln mixed securities shelf offering)
Analyst comments: MSG -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), BMY -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MRVL -2.5% (downgraded to Sell from Neutral at Goldman), JBL -0.6% (downgraded to Neutral from Buy at Goldman
)