Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- HUBG -10.3%, SLP -5.2%, SEAC -3.3%, (light volume), MTSC -2.8%
Other news:
- CYTX -22.7% (commences common stock offering)
- NAKD -17.8% (raises $5.5 mln from at the market offering agreement, further amends letter of intent with Bendon Limited)
- AVGR -9.4% (has been conducting a review of various strategic alternatives focused on maximizing shareholder value; announces preliminary first quarter results)
- UAL -2.6% (reports March traffic)
- STM -1.7% (continued weakness)
- FRO -1.4% ( files for $300 mln mixed securities shelf offering)
- UNFI -0.9% (after seeing late decline on JANA / WFM news)
- MU -0.6% (prosecutors in Taiwan have been conducting ongoing investigations)
Analyst comments:
- ABB -0.7% (downgraded to Sell from Neutral at UBS)
- CYS -0.6% (downgraded to Market Perform from Outperform at Wells Fargo)