Gapping down
In reaction to disappointing earnings/guidance: EIGI -17.5%, CCJ -9.5%, GRBK -6.2%, L -5.4%, CRNT -2.3%, V -2.2%, THLD -1.6%
M&A news: PMCS -1.4% (receives proposal from Microsemi; reiterates commitment to Skyworks (SWKS) transaction; proposal from Microsemi (MSCC) is not a superior proposal), MY -0.9% (receives non-binding 'going private' offer for $2.51 per ADS)
Select metals/mining stocks trading lower: RIO -1.6%, BBL -1.1%, BHP -1.1%, HL -1%, FCX -0.3%
Other news: MNKD -5.4% (cont weakness), CMG -3.9% (shut down 43 restaurants in Washington/Oregon in relation to an E. coli outbreak), KMI -2.9% (Barron's profiles cautious view on Kinder Morgan), SZYM -2.7% (terminates operating agreement with Archer-Daniels (ADM)), VRTX -2.5% (discloses in 10-Q filing that it received a subpoena from the U.S. DoJ related to co's marketed medecines), JD -2.2% (Shanghai down nearly 2% overnight)
Analyst comments: JMEI -3.2% (downgraded to Neutral from Buy at Goldman), ANET -1.9% (downgraded to Sell from Neutral at Goldman), ATVI -0.9% (downgraded to Neutral from Buy at BofA/Merrill), KATE -0.8% (downgraded to Neutral at Monness Crespi & Hardt), STX -0.5% (downgraded to Hold at Maxim Group
)
In reaction to disappointing earnings/guidance: EIGI -17.5%, CCJ -9.5%, GRBK -6.2%, L -5.4%, CRNT -2.3%, V -2.2%, THLD -1.6%
M&A news: PMCS -1.4% (receives proposal from Microsemi; reiterates commitment to Skyworks (SWKS) transaction; proposal from Microsemi (MSCC) is not a superior proposal), MY -0.9% (receives non-binding 'going private' offer for $2.51 per ADS)
Select metals/mining stocks trading lower: RIO -1.6%, BBL -1.1%, BHP -1.1%, HL -1%, FCX -0.3%
Other news: MNKD -5.4% (cont weakness), CMG -3.9% (shut down 43 restaurants in Washington/Oregon in relation to an E. coli outbreak), KMI -2.9% (Barron's profiles cautious view on Kinder Morgan), SZYM -2.7% (terminates operating agreement with Archer-Daniels (ADM)), VRTX -2.5% (discloses in 10-Q filing that it received a subpoena from the U.S. DoJ related to co's marketed medecines), JD -2.2% (Shanghai down nearly 2% overnight)
Analyst comments: JMEI -3.2% (downgraded to Neutral from Buy at Goldman), ANET -1.9% (downgraded to Sell from Neutral at Goldman), ATVI -0.9% (downgraded to Neutral from Buy at BofA/Merrill), KATE -0.8% (downgraded to Neutral at Monness Crespi & Hardt), STX -0.5% (downgraded to Hold at Maxim Group
)