Gapping down
In reaction to disappointing earnings/guidance: KFY -8%, JBL -2.3%, ( announces $400 mln buyback), RAD-1.4%, QUNR -0.6%
M&A news: CAVM -15.8% (QLogic to be acquired by Cavium for approximately $15.50 per share ), EVHC -7.3% (reports AmSurg, Envision Healthcare to merge), PXD -3.4% (to acquire ~28,000 Midland Basin Acres for $435 mln and to Add 5 Horizontal Rigs During the Second Half of 2016; expects to increase its horizontal rig count by five rigs from 12 rigs to 17 rigs in the northern Spraberry/Wolfcamp; commences public offering of 5.25 million shares of its common stock)
Select financial related names showing weakness: DB -2.8%, CS -2.3%, RBS -2.3%, BCS -1.8%, SAN -1.5%, LYG-1.4%
Select metal producer names showing early weakness: FCX -3.1% (Copper futures -2%+ overnight), BHP -2.1%,BBL -2.1%, AA -2.1%, RIO -1.6%, VALE -1.2%
Other news: TNXP -20.3% (prices public offering of 5 mln shares of its common stock at $2.00 per share), SMFG-8.6% (Fitch revises Outlook for Japanese financial institutions to negative), BTX -6.9% (to sell shares of its common stock in an underwritten public offering ), CLF -5.5% (files $300 mln common stock offering), HASI -4.4% (prices upsized offering of 4 mln shares of common stock for gross proceeds of ~$82.0 mln), NKE -1.6% (cont weakness)
Analyst comments: FCAU -3.2% (downgraded to Sell at Citigroup ), VMW -1.8% (downgraded to Underperform at Credit Agricole)
In reaction to disappointing earnings/guidance: KFY -8%, JBL -2.3%, ( announces $400 mln buyback), RAD-1.4%, QUNR -0.6%
M&A news: CAVM -15.8% (QLogic to be acquired by Cavium for approximately $15.50 per share ), EVHC -7.3% (reports AmSurg, Envision Healthcare to merge), PXD -3.4% (to acquire ~28,000 Midland Basin Acres for $435 mln and to Add 5 Horizontal Rigs During the Second Half of 2016; expects to increase its horizontal rig count by five rigs from 12 rigs to 17 rigs in the northern Spraberry/Wolfcamp; commences public offering of 5.25 million shares of its common stock)
Select financial related names showing weakness: DB -2.8%, CS -2.3%, RBS -2.3%, BCS -1.8%, SAN -1.5%, LYG-1.4%
Select metal producer names showing early weakness: FCX -3.1% (Copper futures -2%+ overnight), BHP -2.1%,BBL -2.1%, AA -2.1%, RIO -1.6%, VALE -1.2%
Other news: TNXP -20.3% (prices public offering of 5 mln shares of its common stock at $2.00 per share), SMFG-8.6% (Fitch revises Outlook for Japanese financial institutions to negative), BTX -6.9% (to sell shares of its common stock in an underwritten public offering ), CLF -5.5% (files $300 mln common stock offering), HASI -4.4% (prices upsized offering of 4 mln shares of common stock for gross proceeds of ~$82.0 mln), NKE -1.6% (cont weakness)
Analyst comments: FCAU -3.2% (downgraded to Sell at Citigroup ), VMW -1.8% (downgraded to Underperform at Credit Agricole)