Gapping down
In reaction to disappointing earnings/guidance: WTW -22.2%, PRSS -17.2%
(also downgraded to Hold from Buy at Cantor Fitzgerald), GNC -16.2%, TRLA
-14.7% (also announces the appointment of Kira Wampler as the co's Chief
Marketing Officer ), SAAS -10.4%, (light volume), STMP -8.8%, OCLS -6.8%,
(light volume), MOVE -6%, A -5.6%, MNDL -5.5% (thinly traded), EFX -5.4%,
OXM -5.3% (light volume), SVM -4.2%, (light volume), VFC -4.2%, ALNY
-3.8%, HWAY -3.6% (light volume), CLD -3.3%, (light volume), ELLI -2.4%,
GSB -2.3% (light volume), WOOF -2.3% (light volume), CGNX -2.3% (light
volume), CHGG -1.8%, RGC -1.6%, AIG -1.2% (also announced buyback and
raised dividend), CIDM -1%.
M&A news: JOSB -3.5% (to acquire Eddie Bauer; purchase price based on
enterprise value of $825 mln; expected to be immediately accretive),
MW -7.2% (following JOSB news).
Other news: NNA -8.4% (announces public offering of 12 mln shares of
common stock), VSI -7.1% (following GNC results), QTWW -3.1% (announces
proposed public offering of common stock), NLY -3% (discloses executive
departures), NTRI -2.7% (following WTW results), Z -2.2% (following TRLA /
MOVE results), TSLA -1.3% (Tesla Motors investigating cause of Toronto
Model S fire, according to reports), ISRG -1.3% (disclosed Ernst & Young
is declining to stand for re-election as auditors ), SNE -1.2% (S&P
lowered long-term ratings on Sony Corp. to 'BBB-'; Outlook Negative), ILMN
-1.1% (following A results), SDRL -0.8% (still checking), VOD -0.8% (India
has raised $10 bln from spectrum auction which may result in competition
to VOD), CTXS -0.2% (following late strength on M&A speculation).
Analyst comments: ARO -1.6% (downgraded to Mkt Perform from Outperform at
BMO Capital Mkts), MAT -0.7% (downgraded to Hold from Buy at Argus)