Gapping down
In reaction to disappointing earnings/guidance: INWK -29.4%, (light volume), NVTL -27.8%, ALDW -15.2%, PCOM -14.1%, PEIX -14.1%, NSM -14.1%, RST -12.5%, (light volume), WFM -9.1%, SCTY -8.6%, BIOS -8.2%, NDLS -7.9%, CECO -7.8%, (light volume), IO -7%, WEN -6.5%, PMT -6.1%, (light volume), CSUN -5.2%, G -5%, (light volume), ERII -4.3%, (light volume), QCOM -4.2%, FOXF -4.1%, (light volume), EVC -4.1%, EZPW -3.4%, CTL -3.4%, MDLZ -3%, (light volume), AMTG -2.8%, TS -2.3%, FTK -2.2%, ATVI -2%, PDLI -1.9%, (light volume), NLY -1.5%, RSOL -1.4%, CBS -0.6%.
Other news: STP -16.7% (continued weakness), INCY -8% (Announces Proposed Offering of $700 Million of Convertible Senior Notes; Notes to be offered in Two $350 Million Series, Due in 2018 and 2020), MRC -5.2% ( announces secondary public offering of 17,489,233 shares of common stock by selling stockholders), HPT -3.9% (Announces Proposed Public Offering of 8,000,000 Common Shares), TSLA -3.4% (still checking), IART -2.8% (prices 3.5 mln shares of common stock at $40.00 per share ), TFM -2.7% (following WFM results), KAR -2.2% ( prices secondary offering of 23,896,583 shares at $27.60 per share ), RCL -1.1% (still checking), TSL -1% (still checking), CSIQ -1% (still checking), AWI -0.7% (announces secondary public offering of 6 mln common shares of the co held by The Armstrong World Industries Asbestos Personal Injury Settlement Trust and Armor TPG Holdings), KR -0.6% (following WFM results), BCOV -0.6% (filed for a $100 mln mixed securities shelf offering), TXN -0.3% (following QCOM results), GPOR -0.3% (Gulfport Energy prices offering of 6.5 mln shares of common stock at $56.75 per share; prices offering of 2 mln shares of common stock of Diamondback Energy (FANG) for net proceeds of ~ $102.6 mln).
Analyst comments: ANF -1% (Abercrombie & Fitch downgraded to Underperform from Buy at BofA), DE -0.4% ( downgraded to Cautious from Neutral at ISI Group), CAT -0.3% ( downgraded to Neutral from Buy at ISI Group)