Gapping down
In reaction to disappointing earnings/guidance: TRUE -33.5% (also downgraded to Neutral from Buy at Goldman; downgraded to Neutral from Overweight at JP Morgan, downgraded to Sector Perform at RBC Capital Mkts;), SPNC -21.5%, ABGB -13.6%, BIIB -11.7%, TRIP -6.8%, PMCS -6.7%, COF -6.1% (also downgraded to Market Perform from Outperform at Wells Fargo, downgraded to Neutral at Goldman), ALGN -5.8%, CTCT -5.2% (also downgraded to Perform at Oppenheimer , downgraded to Neutral at Robert W. Baird), GIMO -3.8%, ATHN -2.1%, XRX -1.9%, ABAX -0.8%.
Metals/mining related names trading lower: HMY -6.4%, AU -4.6%, GG -3.5%, IAG -3.1%, EGO -1.8%, ABX -0.8%.
Other news: SNSS -64% ( reports regulatory updates from its interactions with the EMA and US FDA; was informed that the Agency did not support a filing and encouraged the company to provide additional clinical evidence to support a future NDA submission; downgraded to Market Perform at Cowen, downgraded to Sell at ROTH Capital), CSII -10.6% (SPNC sympathy), AAVL-5% (announces the resignation of CEO Thomas Chalberg, effective July 23, 2015; appoints SVP of Business Operations, Hans Hull as Interim CEO), ITEK -3.8% (following yesterday's ~200% move higher), QSII -2.4% (following yesterday's ~20% move lower), EXEL -2.2% (priced its upsized underwritten public offering of 25 mln shares of common stock at $5.40/share), UTX-0.5% (disclosed that it will continue to be the subject of one or more US Government investigations).
Metals/mining related names trading lower: HMY -6.4%, AU -4.6%, GG -3.5%, IAG -3.1%, EGO -1.8%, ABX -0.8%.
Other news: SNSS -64% ( reports regulatory updates from its interactions with the EMA and US FDA; was informed that the Agency did not support a filing and encouraged the company to provide additional clinical evidence to support a future NDA submission; downgraded to Market Perform at Cowen, downgraded to Sell at ROTH Capital), CSII -10.6% (SPNC sympathy), AAVL-5% (announces the resignation of CEO Thomas Chalberg, effective July 23, 2015; appoints SVP of Business Operations, Hans Hull as Interim CEO), ITEK -3.8% (following yesterday's ~200% move higher), QSII -2.4% (following yesterday's ~20% move lower), EXEL -2.2% (priced its upsized underwritten public offering of 25 mln shares of common stock at $5.40/share), UTX-0.5% (disclosed that it will continue to be the subject of one or more US Government investigations).