Gapping down
In reaction to disappointing earnings/guidance: QTNT -30%, TBIO -11.5%, XGTI -11.1%, DSW -6.9%, BBY -5.3%, TEDU -2.6%, CCIH -2.4%, SNE -2%, AZO -1.8%, SKLN -1.7%
M&A news: HL -2.1% (MGN to be acquired by Hecla Mining (HL))
Select metals/mining stocks trading lower: HMY -2.7%, AUY -2%, ABX -1.7%, AG -1.7%, GDX -1.6%, NEM -1.6%, SSRI -1.5%, GG -1.2%, GFI -1%, .
Other news: SSW -10.7% (to offer 5 mln common shares in underwritten registered public offering; CEO and director to purchase $15 mln of the offering), BAH -2.6% (rices secondary offering of 13 mln shares of common stock by affiliate of Carlyle Group (CG) at $28.20), WMGI -2.3% (announces 6.2 mln orinary share offering by selling shareholders), KORS -1.7% (likely due to EU reports overnight - Swiss Watch Industry reports April 2016 Swiss watch exports value fell 11.1% YoY)
Analyst comments: SAGE -5.4% (initiated with a Sell at Chardan Capital Markets; tgt $18), CF -1.6% (downgraded to Sector Perform from Outperform at Scotiabank), CYH -1.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), LL -1.3% (initiated with a Sell at Topeka Capital Mkts), GIS -1.3% (downgraded to Sell from Neutral at Goldman)
In reaction to disappointing earnings/guidance: QTNT -30%, TBIO -11.5%, XGTI -11.1%, DSW -6.9%, BBY -5.3%, TEDU -2.6%, CCIH -2.4%, SNE -2%, AZO -1.8%, SKLN -1.7%
M&A news: HL -2.1% (MGN to be acquired by Hecla Mining (HL))
Select metals/mining stocks trading lower: HMY -2.7%, AUY -2%, ABX -1.7%, AG -1.7%, GDX -1.6%, NEM -1.6%, SSRI -1.5%, GG -1.2%, GFI -1%, .
Other news: SSW -10.7% (to offer 5 mln common shares in underwritten registered public offering; CEO and director to purchase $15 mln of the offering), BAH -2.6% (rices secondary offering of 13 mln shares of common stock by affiliate of Carlyle Group (CG) at $28.20), WMGI -2.3% (announces 6.2 mln orinary share offering by selling shareholders), KORS -1.7% (likely due to EU reports overnight - Swiss Watch Industry reports April 2016 Swiss watch exports value fell 11.1% YoY)
Analyst comments: SAGE -5.4% (initiated with a Sell at Chardan Capital Markets; tgt $18), CF -1.6% (downgraded to Sector Perform from Outperform at Scotiabank), CYH -1.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), LL -1.3% (initiated with a Sell at Topeka Capital Mkts), GIS -1.3% (downgraded to Sell from Neutral at Goldman)