Gapping down
In reaction to disappointing earnings/guidance: TLYS -27.7%, GMAN -15.4%, DLIA -11%, SOL -10.4%, FRED -6.2%, CPRT -3.6%, SB -2.5%, QSII -0.8%, .
Select metals/mining stocks trading lower: GFI -1.7% (Gold Fields provides update on recent fatalities at South Deep and outcome of safety review; DMR issued a Section 54 order, placing a moratorium on all workshop-related activities across the mine), AUQ -1.4%, AG -1.3%, SLV -1%, HMY -0.8%, GLD -0.5%, GDX -0.5%.
Other news: SPEX -27.7% (cont volatility), DARA -8.3% (pulling back after +98% yesterday), FN -7.5% (announces secondary offering of 3.15 mln shares by selling shareholder), LIVE -6.3%, CZR -5.1% (Apollo (APO) plans to align with some CZR creditors, according to reports), AIRI -5.1% (enters into definitive agreements with certain investors to sell an aggregate of 1,170,000 shares of its common stock in a registered direct offering), STON -3.8% (announces public offering of 2.6 mln common units ), RXN -3.4% (prices 15 mln shares of common stock by selling shareholders at $25.50 per share), BAH -3.1% (announces sale of 10 mln shares of common stock by an affiliate of the Caryle Group), CSTE -1.5% (announces offering of 5.5 mln shares by selling shareholder), INFY-1.4% (cont weakness following -8% in Indian mkt hrs), .
Analyst comments: PT -1.9% (downgraded to Hold from Buy at Berenberg), DG -1.1% (downgraded to Neutral from Buy at Sterne Agee), CS -0.6% (downgraded to Neutral from Buy at BofA/Merrill).