Gapping down
In reaction to disappointing earnings/guidance: ASNA -11.1%, ALCS -6.9%, KMX -6.3%
M&A news: BUD -1.1% (cont spec surrounding M&A)
Select Tax Inversion related names showing weakness: SHPG -5.2%, AZN -4.8%, COV -3.9%, SNN -3.7%, MDT -3.7%, ABT -3.3%, BKW -1.8%, MYL -1.8%, PFE -1.8%, PRGO -1.3%, VRX -1.1%
Other news: MTL -28.4% (continued bankruptcy concerns), AVNR -7.5% (announced offering of $200 mln of common stock), GEL -4.9% (announces public offering of 4.0 mln common units), ALIM -2.8% (disclosed sales agreement to issue and sell $35 mln common stock), TSLA -1.8% (cont weakness), YHOO -1.7% (cont weakness post BABA IPO), BABA -1.6% (cont weakness post IPO),SYY -1.5% (may face antitrust lawsuit over US Foods deal, according to reports), TOT -1.4% (trading lower in Europe following news out yesterday afternoon), HCLP -1.4% (unfavorable commentary on Monday's Mad Money)
Analyst comments: DKS -5.9% (downgraded to Mkt Perform from Outperform at William Blair ), ONNN -3.1% (downgraded to Neutral from Overweight at JP Morgan), BBBY -1.3% (downgraded to Mkt Perform from Outperform at William Blair), CLX -1.2% (downgraded to Neutral from Buy at Citigroup), GMAN -0.6% (downgraded to Hold from Buy at Canaccord Genuity)
In reaction to disappointing earnings/guidance: ASNA -11.1%, ALCS -6.9%, KMX -6.3%
M&A news: BUD -1.1% (cont spec surrounding M&A)
Select Tax Inversion related names showing weakness: SHPG -5.2%, AZN -4.8%, COV -3.9%, SNN -3.7%, MDT -3.7%, ABT -3.3%, BKW -1.8%, MYL -1.8%, PFE -1.8%, PRGO -1.3%, VRX -1.1%
Other news: MTL -28.4% (continued bankruptcy concerns), AVNR -7.5% (announced offering of $200 mln of common stock), GEL -4.9% (announces public offering of 4.0 mln common units), ALIM -2.8% (disclosed sales agreement to issue and sell $35 mln common stock), TSLA -1.8% (cont weakness), YHOO -1.7% (cont weakness post BABA IPO), BABA -1.6% (cont weakness post IPO),SYY -1.5% (may face antitrust lawsuit over US Foods deal, according to reports), TOT -1.4% (trading lower in Europe following news out yesterday afternoon), HCLP -1.4% (unfavorable commentary on Monday's Mad Money)
Analyst comments: DKS -5.9% (downgraded to Mkt Perform from Outperform at William Blair ), ONNN -3.1% (downgraded to Neutral from Overweight at JP Morgan), BBBY -1.3% (downgraded to Mkt Perform from Outperform at William Blair), CLX -1.2% (downgraded to Neutral from Buy at Citigroup), GMAN -0.6% (downgraded to Hold from Buy at Canaccord Genuity)