Gapping down
In reaction to disappointing earnings/guidance:
- CTB -10.1%, MPC -5.2%, USCR -2.7%
M&A news:
- S -12.5% (Sprint & T-Mobile (TMUS) reach agreement to merge in all-stock transaction), TMUS -1.1%
Other news:
- SIEN -7.5% (commences an underwritten public follow-on $75 mln common stock offering)
- DB -1.2% (continued weakness)
- SHLD -0.6% (provides update on previously reported data security incident)
- WBT -0.5% (files mixed securities shelf offering)
Analyst comments:
- CL -0.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- JBLU -1.2% (downgraded to Neutral from Overweight at JP Morgan)
- W -2.4% (downgraded to Neutral from Outperform at Wedbush)
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