Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- CREE -9% VNET -7.1%, LOW -5.5%, TGT -5.3%, SPLS -3.5%, PLKI -2.5%
Select metals/mining stocks trading lower: AU -2.8%, AG -1.4%, SLV -1%, RIO -0.9%, MT -0.9%, RIO -0.9%, FCX -0.7%
Other news:
Other news:
- STEM -28.8% (StemCells discloses it will be accepting warrant exercises from the holders of its outstanding warrants to purchase common stock issued on April 29, 2015 at a reduced exercise price of $1.10/share)
- PSG -6.7% (Performance Sports files to delay Form 10-K - as expected- cautions that earnings before income tax and net income for the year ended May 31 are expected to be significantly lower than the corresponding period of the prior fiscal year; S&P lowered Performance Sports Group Corporate Credit rating to 'CCC' due to weak operations, likely covenant default)
- BCRX -3.9% (Baker Bros trims active stake to 14.99%)
- INCR -3.8% (commences 4.5 mln common stock offering by certain of its existing stockholders, namely affiliates of Avista Capital Partners, L.P. and affiliates of Ontario Teachers' Pension Plan)
- BSPM -2.5% (thinly traded - to delay Form 10-Q, expects that the Quarterly Report that is subject hereof will be filed within the time frame allowed by the extension), SO -2.2% (prices offering of 32.5 mln shares of its common stock for gross proceeds of ~$1.6 bln)
- WMT -1.6% (in sympathy with TGT earnings)
- CHK -1.5% (prices term loan at $1.5 bln (upsized from $1 bln))
- HD -0.6% (in sympathy following LOW earnings)
Analyst comments: ASML -2.2% (downgraded to Neutral from Buy at BofA/Merrill)