Gapping down
In reaction to disappointing earnings/guidance: TITN -14.2%, WPRT -13.6%, BIOC -10.1%, KFY -8.8%, UNFI -8%, EGT -7.6%, RM -7.2%, VNET -5.8%, MR -4.8%, FENG -3.7%, LMNR -3.3%, ACRX -2.9%, PUK -2.3%, MUX -2%, AMCN -0.9%, PEB -0.9%, MVIS -0.8%
Select metals/mining stocks trading lower: BHP -3.1%, FCX -2.1%, VALE -2.1%, MT -1.8%
Select oil/gas related names showing early weakness: STO -4.1%, SDRL -3.1%, TOT -2.9%, RDS.A -2.2%, HAL -2%, BP -1.9%, RIG -1.6%
Other news: ANV -41.5% (files voluntary, 'pre-arranged' chapter 11 cases; restructuring supported by majority of creditors and includes a cash injection of $78 million), CLMT -6.6% ( announces public offering of 6 mln common units), CPE -5.5% (prices 9,000,000 shares of its common stock for total estimated gross proceeds of ~$59 mln), CTIC -5% (pulling back following yday's strength), NDLS -4.9% (disclosed that on March 9, 2015, Dan Fogarty announced he has resigned as Executive Vice President of Marketing for personal reasons), ROSE -4.5% ( announces public offering of 12 mln common stock shares), EEP -4.2% (commenced an underwritten public offering of 8 mln of its Class A Common Units representing limited partner interests), ADHD -4.1% (announces its Phase II safety and tolerability study of a single administration of MDX in adolescent patients with ADHD achieved its primary endpoint), CNHI -4% (following TITN's guidance; TITN is largest distributor), MAIN -3.7% (announced plans to make a public offering of shares of common stock), MERU -3.1% (disclosed that on March 4, 2015, it entered into an Annual Meeting Agreement with Vertex Special Opportunities Fund), TTPH -2.8% (announced it intends to offer and sell up to 3.5 mln shares of its common stock in an underwritten public offering), CSIQ -2.8% (releases comments on European Commission Letter which raised potential issues concerning compliance with its undertaking agreement; co says any decision would not significantly impact FY15 guidance), BUD -2.4% (still checking), KYTH -2% (commenced an underwritten public offering of $125 million of shares of its common stock), MGM -2% (in sympathy with MPEL), TSEM -1.8% (will offer an acceleration mechanism to its existing Series F convertible bonds, available to all such holders, targeting a conversion of ~33% of its outstanding bonds), GAIN -1.7% (announces common stock offering of 3 mln shares of common stock), IMPV -1.3% (announces a proposed follow-on offering of 3 mln shares of its common stock)
Analyst comments: ZIOP -6% (downgraded to Neutral from Buy at Mizuho), XON -4.6% (downgraded to Neutral from Buy at Mizuho), MPEL -3.2% (downgraded to Sell from Buy at Deutsche Bank), EA -2.9% (downgraded to Hold from Buy at Needham), LECO -2.4% (downgraded to Hold from Buy at BB&T Capital Mkts).
In reaction to disappointing earnings/guidance: TITN -14.2%, WPRT -13.6%, BIOC -10.1%, KFY -8.8%, UNFI -8%, EGT -7.6%, RM -7.2%, VNET -5.8%, MR -4.8%, FENG -3.7%, LMNR -3.3%, ACRX -2.9%, PUK -2.3%, MUX -2%, AMCN -0.9%, PEB -0.9%, MVIS -0.8%
Select metals/mining stocks trading lower: BHP -3.1%, FCX -2.1%, VALE -2.1%, MT -1.8%
Select oil/gas related names showing early weakness: STO -4.1%, SDRL -3.1%, TOT -2.9%, RDS.A -2.2%, HAL -2%, BP -1.9%, RIG -1.6%
Other news: ANV -41.5% (files voluntary, 'pre-arranged' chapter 11 cases; restructuring supported by majority of creditors and includes a cash injection of $78 million), CLMT -6.6% ( announces public offering of 6 mln common units), CPE -5.5% (prices 9,000,000 shares of its common stock for total estimated gross proceeds of ~$59 mln), CTIC -5% (pulling back following yday's strength), NDLS -4.9% (disclosed that on March 9, 2015, Dan Fogarty announced he has resigned as Executive Vice President of Marketing for personal reasons), ROSE -4.5% ( announces public offering of 12 mln common stock shares), EEP -4.2% (commenced an underwritten public offering of 8 mln of its Class A Common Units representing limited partner interests), ADHD -4.1% (announces its Phase II safety and tolerability study of a single administration of MDX in adolescent patients with ADHD achieved its primary endpoint), CNHI -4% (following TITN's guidance; TITN is largest distributor), MAIN -3.7% (announced plans to make a public offering of shares of common stock), MERU -3.1% (disclosed that on March 4, 2015, it entered into an Annual Meeting Agreement with Vertex Special Opportunities Fund), TTPH -2.8% (announced it intends to offer and sell up to 3.5 mln shares of its common stock in an underwritten public offering), CSIQ -2.8% (releases comments on European Commission Letter which raised potential issues concerning compliance with its undertaking agreement; co says any decision would not significantly impact FY15 guidance), BUD -2.4% (still checking), KYTH -2% (commenced an underwritten public offering of $125 million of shares of its common stock), MGM -2% (in sympathy with MPEL), TSEM -1.8% (will offer an acceleration mechanism to its existing Series F convertible bonds, available to all such holders, targeting a conversion of ~33% of its outstanding bonds), GAIN -1.7% (announces common stock offering of 3 mln shares of common stock), IMPV -1.3% (announces a proposed follow-on offering of 3 mln shares of its common stock)
Analyst comments: ZIOP -6% (downgraded to Neutral from Buy at Mizuho), XON -4.6% (downgraded to Neutral from Buy at Mizuho), MPEL -3.2% (downgraded to Sell from Buy at Deutsche Bank), EA -2.9% (downgraded to Hold from Buy at Needham), LECO -2.4% (downgraded to Hold from Buy at BB&T Capital Mkts).