Gapping down
In reaction to disappointing earnings/guidance: RYAAY -12.8%, ZGNX -7.5% (also intends to offer and sell $60 mln of shares of its common stock in an underwritten public offering).
M&A news: BBRY -16.3% ( Globe and Mail suggesting Fairfax deal is dead).
Select financial names lower: UBS -3.2% and CS -3.1% (UBS AG and Credit Suisse (CS) lower in European trading amid concerns about raised capital requirements), RBS -1.8% ( in discussions to cancel out B shares, according to reports ), DB -1.1%
Other news: VELT -65.5% (to sell mobile Marketing Businesses in US, UK, and India to affiliates of GSO Capital Partners; unit Mobclix ceases all operations; files voluntary Chapter 7 petition), ALU -4.9% (announced launch of capital increase for an amount of EUR955 mln, intent to launch $750 mln high yields bond offering and execution of commitment letter for implementation of EUR500 mln new syndicated revolving credit facility), JMI -0.8% (files for $750 mln mixed securities shelf offering).
Analyst comments: TEVA -0.7% (downgraded to Underweight from Neutral at JPMorgan), AFL -0.3% (downgraded to Neutral from Buy at Citigroup)