Gapping down In reaction to disappointing earnings/guidance: SOL -6.3%, DAKT -5.4%, QUNR -2.4%, ODFL -2.1%, (announces May 2015, LTL tons per day have increased 9.6% Y/Y; co revises expectations for Q2 LTL to +9.5-10% Y/Y)
Select Airline related names showing weakness: DAL -1.9%, UAL -1.7%, LUV -1.1%
Other news: HERO -8.1% (announced rate reductions for Hercules 261, Hercules 262 and Hercules 266 contracts), RGLS -6.6% (Kleanthis G. Xanthopoulos to step down as President and CEO; Paul Grint appointed President and CEO), TUBE -5.5% (filed for $75 mln offering of common stock), CG -3.8% (files for offering of common units representing limited partner interests; announces an offering of 7 mln common units), IBN -3% (Sensex down 2.5% overnight), AER -2.7% (announced launch of an underwritten secondary offering by AIG of 50 mln ordinary shares; co to repurchase $750 mln of the shares being sold by AIG), CERU -2.6% ( announces that full data from a Phase 1b/2 investigator-sponsored trial of CRLX101 in combination with Avastin® (bevacizumab) in metastatic renal cell carcinoma, or RCC, was presented), BXMT -2.6% (announces pricing of its 10 mln offering of common stock), QTS -2.1% ( announces public offering of 5.5 mln shares of common stock), FGP -1.7% (co has commenced an underwritten public offering of 6.325 mln common units; also announced its operating subsidiary will offer $400 mln in aggregate principal amount of senior unsecured notes due 2023), IFN -1.5% (Sensex down 2.5% overnight), CEL -1% (announces controlling sharehoder announcement regarding co's possible rights offering)
Analyst comments: CTRP -4.1% (downgraded to Hold at Stifel), IRM -1.4% (downgraded to Underperform from Hold at Jefferies), INTC -0.9% (downgraded to Market Perform from Outperform at BMO Capital)