Gapping down
In reaction to earnings/guidance: VMEM -7.7%, TIF -4.1%, SPWH -3.2%, ANW -3%, BABA -2.6%, BMO -2.5%, INTU -1.5%
Select Utility related names showing weakness after PJM reported auction results; Capacity price lower for 2019-2020: NRG -3%, DYN -1.6%, PEG -1.2%, EXC -0.9%, FE -0.5%
Other news: BSI -71.8% (files revised motion to convene a meeting of its financial creditors and various guaranteed creditors for the approval of a proposed debt reorganization and arrangement, CBL -12.3% (WSJ report that the company is being investigated for alleged accounting fraud; issues statement; believes allegations are baseless), TMST -11.7% (prices $75 mln of its 6.00% Convertible Senior Notes due 2021), BABA -2.5% (discloses in 20F annual filing an investigation by the SEC into potential violations of federal securities laws)
Analyst comments: AMKR -3.2% (downgraded to Sell from Neutral at Citigroup), BCEI -2.9% (downgraded to Underperform from In-line at Imperial Capital)
In reaction to earnings/guidance: VMEM -7.7%, TIF -4.1%, SPWH -3.2%, ANW -3%, BABA -2.6%, BMO -2.5%, INTU -1.5%
Select Utility related names showing weakness after PJM reported auction results; Capacity price lower for 2019-2020: NRG -3%, DYN -1.6%, PEG -1.2%, EXC -0.9%, FE -0.5%
Other news: BSI -71.8% (files revised motion to convene a meeting of its financial creditors and various guaranteed creditors for the approval of a proposed debt reorganization and arrangement, CBL -12.3% (WSJ report that the company is being investigated for alleged accounting fraud; issues statement; believes allegations are baseless), TMST -11.7% (prices $75 mln of its 6.00% Convertible Senior Notes due 2021), BABA -2.5% (discloses in 20F annual filing an investigation by the SEC into potential violations of federal securities laws)
Analyst comments: AMKR -3.2% (downgraded to Sell from Neutral at Citigroup), BCEI -2.9% (downgraded to Underperform from In-line at Imperial Capital)