Gapping down
In reaction to disappointing earnings/guidance: DSS -18.2%, BGC -5.2%, LULU -3%, FUL -2.9%, (light volume), RVNC -1.5%, (light volume).
M&A news: YONG -13.2% (confirmed receipt of amended going private proposal at $7.00 per share; Special Committee is considering the Revised Proposal with its legal and financial advisors).
A few financial names showing weakness following second round of CCAR results: C -6.1% (Federal Reserve objected to the capital plan; downgraded to Mkt Perform from Outperform at Keefe Bruyette; downgraded to Mkt Perform from Outperform at Bernstein), ZION -0.7% (FRB did not object to certain capital actions, including the maintenance of a common dividend payment of $0.16 per share annually and continued payment of dividends on preferred equity), RF -0.7% (announces CCAR results and proposed dividend increase to $0.05 from $0.03 per share; potential repurchase of up to $350 mln in common shares), FITB -0.5% (following second round of CCAR results), SAN -0.4% (Federal Reserve objected to the capital plan), BCS -0.3%, MS -0.1% (announces $1 bln buyback, doubles dividend to $0.10/share ).
Select metals/mining stocks trading lower: MT -1.3%, IAG -1.2%, CDE -1.1%, GOLD -1%, SLV -0.8%, GG -0.8%, GLD -0.5%.
Other news: ADXS -27.5% ( prices 4,080,000 shares of common stock at $3.00 per share), RGSE -3.4% (continued weakness), PFSI -2.8% (PennyMac prices prices 5,554,545 shares of common stock by selling stockholder at $16.50 per share), O -2.6% (prices 12 mln shares of common stock at $39.96 per share), WBAI -2.4% (files for $120 mln offering of convertible senior notes; also files for for $360 mln offering of American Depositary Shares representing Class A ordinary shares; proposes offerings of Convertible Senior Notes and ADSs), MCHX -2.2% (prices 5,714,000 shares of Class B common stock at $10.50 per share), SZYM -2.2% (prices offering of $130 mln of 5.00% Convertible Senior Subordinated Notes due 2019 and 5 mln shares of Common Stock at $11.00 per share), P -1.5% (ticking lower; Twitter plans to announce new music strategy, according to reports), CYTR -1.2% (issues statement regarding recent lawsuits; says 'We believe the recent lawsuits and negative publicity are without merit' ), CLF -1% ( ESS to replace CLF in the S&P 500).
Analyst comments: BBRY -2.3% (downgraded to Sell from Hold at Societe Generale)
M&A news: YONG -13.2% (confirmed receipt of amended going private proposal at $7.00 per share; Special Committee is considering the Revised Proposal with its legal and financial advisors).
A few financial names showing weakness following second round of CCAR results: C -6.1% (Federal Reserve objected to the capital plan; downgraded to Mkt Perform from Outperform at Keefe Bruyette; downgraded to Mkt Perform from Outperform at Bernstein), ZION -0.7% (FRB did not object to certain capital actions, including the maintenance of a common dividend payment of $0.16 per share annually and continued payment of dividends on preferred equity), RF -0.7% (announces CCAR results and proposed dividend increase to $0.05 from $0.03 per share; potential repurchase of up to $350 mln in common shares), FITB -0.5% (following second round of CCAR results), SAN -0.4% (Federal Reserve objected to the capital plan), BCS -0.3%, MS -0.1% (announces $1 bln buyback, doubles dividend to $0.10/share ).
Select metals/mining stocks trading lower: MT -1.3%, IAG -1.2%, CDE -1.1%, GOLD -1%, SLV -0.8%, GG -0.8%, GLD -0.5%.
Other news: ADXS -27.5% ( prices 4,080,000 shares of common stock at $3.00 per share), RGSE -3.4% (continued weakness), PFSI -2.8% (PennyMac prices prices 5,554,545 shares of common stock by selling stockholder at $16.50 per share), O -2.6% (prices 12 mln shares of common stock at $39.96 per share), WBAI -2.4% (files for $120 mln offering of convertible senior notes; also files for for $360 mln offering of American Depositary Shares representing Class A ordinary shares; proposes offerings of Convertible Senior Notes and ADSs), MCHX -2.2% (prices 5,714,000 shares of Class B common stock at $10.50 per share), SZYM -2.2% (prices offering of $130 mln of 5.00% Convertible Senior Subordinated Notes due 2019 and 5 mln shares of Common Stock at $11.00 per share), P -1.5% (ticking lower; Twitter plans to announce new music strategy, according to reports), CYTR -1.2% (issues statement regarding recent lawsuits; says 'We believe the recent lawsuits and negative publicity are without merit' ), CLF -1% ( ESS to replace CLF in the S&P 500).
Analyst comments: BBRY -2.3% (downgraded to Sell from Hold at Societe Generale)