Gapping down
In reaction to disappointing earnings/guidance: ZHNE -19.5%, PSO -7.2%, HRC -5.7%, QSII -3.3%, NOK -2.6%, EGHT -1.9%, (light volume), SNDK -1.9%, (SanDisk downgraded to Hold from Buy at Needham ), TER -1.4%, (light volume), URI -1.3%, WDC -1.2%, MCD -0.4%.
China internet names lower: DANG -4.5%, CYOU -3.1%, YY -2.4%, YOKU -2.3%, SINA -1.8%, BIDU -1.7% (partners with Jingdong for hardware development open platform, according to Marbridge ), QIHU -1.5% (planning to adjust revs sharing policies to attract small and medium-sized game developers , according to Marbridge ), RENN -1.2%
Other news: CBLI -15.9% (announces that BARDA has terminated negotiations related to the co's proposal for further development of Entolimod as a medical radiation countermeasure), XLRN -9.3% (prices 2.4 mln shares of common stock at $50.00 per share), BRSS -5.3% (announces offering of 3.75 mln shares by selling shareholder), EBS -5.2% (announces proposed offering of $200 million convertible senior notes ), INFI -4.4% (still checking), NQ -4.3% (continued weakness following yesterday's cautious Dealbook story), PETX -4% (is commencing an underwritten registered public offering of 5.5 mln shares of its common stock that includes 1 mln by holders), AEO -3.6% (names Jay Schottenstein Interim CEO succeeding Robert Hanson, who is leaving the Company; downgraded to Hold at Stifel; Replacing CEO), TKC -3.3% (still checking), HPP -3.2% ( commences public offering of 8.25 mln shares of common stock), DSCO -2.8% (files for 4.66 mln share common stock offering by selling shareholders ), CLNY -2.5% (announces public offering of $200 mln convertible senior notes), BBRY -2% (following NOK results), EXEL -1.7% (plans to offer 10 mln shares of its common stock in an overnight underwritten public offering), ASML -1.2% (still checking), NKTR -0.8% (prices 8.5 mln shares of common stock at $12.75 per share).
Analyst comments: PBF -2.1% (downgraded to Mkt Perform from Outperform at Raymond James ), GOL -1.6% (downgraded to Market Perform from Outperform at Raymond James), CRM -0.9% (downgraded to Hold from Buy at Deutsche Bank), HFC -0.4% (downgraded to Market Perform from Outperform at Raymond James), DKS -0.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)