Gapping down
In reaction to disappointing earnings/guidance: IMPR -25.8% (also downgraded to Market Perform from Outperform at William Blair; downgraded to Neutral from Overweight at JP Morgan), QUIK -15.5%, MTW -12.6% (also downgraded to Hold at Stifel, to Neutral at Robert W. Baird), GRMN -10.6% (provides prelim Q3 results below consensus, trims FY15 guidance ; target lowered to $40 at RBC Capital Mkts), HCA -10%, NFLX -4%, GS -1.5%, JAH -0.7%, (sees Q3 EPS and revs in line with estimates; announces common stock offering).
Other news: CXRX -10.9% (finalizes the financing structure for its acquisition of Amdipharm Mercury Limited, and amends/restates its commitment letter with lenders), THC -9.5% (HCA guidance), VRX -7.5% (discloses it recently received a subpoena from the U.S. Attorney's Office), CYH -6% (HCA guidance), YGE -3.6% (following 25% move higher yesterday), LSCC-2.6% (disclosed workforce reduction initiative that will result in a 13% reduction to the overall workforce), TEX -1.5% (MTW guidance), CNC -1% (HCA guidance), WMT -0.9% (after yesterday's 10% move to new multiyear lows on Annual meeting guidance; downgraded to Neutral from Outperform at Credit Suisse; downgraded to Neutral from Buy at BofA/Merrill;), WPP-0.7% (15% stakeholder Starboard enters into voting agreements with SCA Americas to vote in favor of merger with SCA), COST -0.4% (files for offering of debt securities).
Analyst comments: XRX -0.8% (initiated with an Underweight at Barclays), NTAP -0.4% (initiated with an Underweight at Barclays).
Other news: CXRX -10.9% (finalizes the financing structure for its acquisition of Amdipharm Mercury Limited, and amends/restates its commitment letter with lenders), THC -9.5% (HCA guidance), VRX -7.5% (discloses it recently received a subpoena from the U.S. Attorney's Office), CYH -6% (HCA guidance), YGE -3.6% (following 25% move higher yesterday), LSCC-2.6% (disclosed workforce reduction initiative that will result in a 13% reduction to the overall workforce), TEX -1.5% (MTW guidance), CNC -1% (HCA guidance), WMT -0.9% (after yesterday's 10% move to new multiyear lows on Annual meeting guidance; downgraded to Neutral from Outperform at Credit Suisse; downgraded to Neutral from Buy at BofA/Merrill;), WPP-0.7% (15% stakeholder Starboard enters into voting agreements with SCA Americas to vote in favor of merger with SCA), COST -0.4% (files for offering of debt securities).
Analyst comments: XRX -0.8% (initiated with an Underweight at Barclays), NTAP -0.4% (initiated with an Underweight at Barclays).