Gapping down
In reaction to disappointing earnings/guidance: NAVI -13.5%, AXS -4.3%, XYL -1.3%, (also announces the resignation of CFO Michael Speetzen, effective July 30, 2015; Shashank Patel to serve as interim Chief Financial Officer), WFC -1%
Select metals/mining stocks trading lower: VALE -1.7%, BHP -1.2%, SLV -1%, MT -1%, GOLD -0.9%, EOG -0.8%, RIO -0.7%
Other news: EPAX -29.2% (announced that it will cease operations and close its student and adult travel business by the end of 2015), LTRE -18% (to be delisted from the NASDAQ Global Market; co taking steps to have its common stock quoted for trading in the OTCQX US Market), VRML -11.8% (intends to offer shares of its common stock in an underwritten public offering),VNCE -11.4% (CEO resigns), SAVE -7.3% (reported June 2015 traffic rose 25.1% from prior year; lowered FY15 guidance due to flight cancellations and lower revenue), TNXP -5.3% ( to offer shares of its common stock in an underwritten public offering), NBG -2.5% (pulling back after recent gains), TTM -2.4% (still checking), ISIS -1.7% (earns $2.15 mln milestone payment from Biogen (BIIB) on ISIS-SMNRx), MGNX -1.6% (announces a public offering of 3.25 mln shares of its common stock ), AXTA -0.8% (files for a 35 mln common stock offering on behalf of selling shareholders)
Analyst comments: OWW -2% (downgraded to Sell from Neutral at UBS), INTC -0.7% (downgraded to Underperform from Mkt Perform at Bernstein), PSO -0.7% (downgraded to Equal-Weight at Morgan Stanley)
In reaction to disappointing earnings/guidance: NAVI -13.5%, AXS -4.3%, XYL -1.3%, (also announces the resignation of CFO Michael Speetzen, effective July 30, 2015; Shashank Patel to serve as interim Chief Financial Officer), WFC -1%
Select metals/mining stocks trading lower: VALE -1.7%, BHP -1.2%, SLV -1%, MT -1%, GOLD -0.9%, EOG -0.8%, RIO -0.7%
Other news: EPAX -29.2% (announced that it will cease operations and close its student and adult travel business by the end of 2015), LTRE -18% (to be delisted from the NASDAQ Global Market; co taking steps to have its common stock quoted for trading in the OTCQX US Market), VRML -11.8% (intends to offer shares of its common stock in an underwritten public offering),VNCE -11.4% (CEO resigns), SAVE -7.3% (reported June 2015 traffic rose 25.1% from prior year; lowered FY15 guidance due to flight cancellations and lower revenue), TNXP -5.3% ( to offer shares of its common stock in an underwritten public offering), NBG -2.5% (pulling back after recent gains), TTM -2.4% (still checking), ISIS -1.7% (earns $2.15 mln milestone payment from Biogen (BIIB) on ISIS-SMNRx), MGNX -1.6% (announces a public offering of 3.25 mln shares of its common stock ), AXTA -0.8% (files for a 35 mln common stock offering on behalf of selling shareholders)
Analyst comments: OWW -2% (downgraded to Sell from Neutral at UBS), INTC -0.7% (downgraded to Underperform from Mkt Perform at Bernstein), PSO -0.7% (downgraded to Equal-Weight at Morgan Stanley)