Gapping down
In reaction to disappointing earnings/guidance: RP -25.9% (also downgraded to Sector Perform at RBC Capital Mkts), PERY -18.7%, ODP -17%, VVUS -12.6%, AIXG -7.4%, FMS -7.1%, SDRL -6.6%, THC -3.8%, SINA -2.7%, M -2%, FNP -1.5%, TXRH -1%, WMGI -0.9%.
M&A news:ACO -5.5% (Mineral Technologies increases offer to acquire AMCOL to $42.50 per share in cash).
Select financial related names showing weakness: HSBC -1.4% (downgraded to Neutral from Buy at Citigroup; downgraded to Neutral from Overweight at JPMorgan), .BCS -1.2%, UBS -0.9%.
Metals/mining stocks trading lower: RIO -2.3%, BBL -1.7%, AG -1.2%, AU -1.2%, GOLD -1.1%, SLV -1.1%, MT -0.7%, .
A few oil/gas related names showing early weakness following SDRL results: RIG -1.2%, RDS.A -0.8%.
Other news: CREE -5% (following AIXG results), CCIH -4.7% (still checking for anything specific), AINV -3.8% (announces public offering of 12 mln shares of common stock), SPLS -3.7% (following ODP results), ALSN -2.6% (announces secondary offering of 25 mln shares of common stock by funds affiliated with Carlyle Group and Onex Corporation), WU -1.2% (discloses subpoenas received since November in 10-K ), TTM -0.9% (still checking), QIHU -0.4% (following SINA results).
Analyst comments: PAAS -3.4% (downgraded to Sell from Neutral at Goldman),
M&A news:ACO -5.5% (Mineral Technologies increases offer to acquire AMCOL to $42.50 per share in cash).
Select financial related names showing weakness: HSBC -1.4% (downgraded to Neutral from Buy at Citigroup; downgraded to Neutral from Overweight at JPMorgan), .BCS -1.2%, UBS -0.9%.
Metals/mining stocks trading lower: RIO -2.3%, BBL -1.7%, AG -1.2%, AU -1.2%, GOLD -1.1%, SLV -1.1%, MT -0.7%, .
A few oil/gas related names showing early weakness following SDRL results: RIG -1.2%, RDS.A -0.8%.
Other news: CREE -5% (following AIXG results), CCIH -4.7% (still checking for anything specific), AINV -3.8% (announces public offering of 12 mln shares of common stock), SPLS -3.7% (following ODP results), ALSN -2.6% (announces secondary offering of 25 mln shares of common stock by funds affiliated with Carlyle Group and Onex Corporation), WU -1.2% (discloses subpoenas received since November in 10-K ), TTM -0.9% (still checking), QIHU -0.4% (following SINA results).
Analyst comments: PAAS -3.4% (downgraded to Sell from Neutral at Goldman),