Gapping down
In reaction to disappointing earnings/guidance: VMEM -7%, NCS -3.8%, GWRE -3%, MIND -1.2%, GES -0.5%, FAST -0.5%, (reports May sales +0.3% to $314.4 mln; daily sales +5.3%)
Select metals/mining stocks trading lower: GFI -2.5%, BHP -1.8%, BHP -1.8%, RIO -0.8%, GDX -0.7%, SLV -0.7%, VALE -0.6%, .
Other news: CDTI -11.5% (Clean Diesel Technologies and AP Exhaust Partner to commercialize next-generation catalysts), GEVO -5.6% (announces entrance into an agreement with FCStone Merchant Services to originate and supply corn for Gevo's plant in Luverne, Minn), ORIG -5.2% (Ocean Rig UDW Inc. announces offering of common stock), NOR -4.4% (disclosed receipt of a notice of termination from Ameren advising that, effective June 1, 2020, it is terminating the December 14, 2004 Agreement), INXN -4.2% (reports a 18.6 mln share distribution by Baker Communications Fund II), FGP -3.8% (prices offering of 6,325,000 common units representing limited partner interests in FGP at a price to the public of $23.00 per unit), CTLT -1.7% (prices secondary offering of 14 mln shares of common stock by certain of its stockholders at $29.00 per share), ENDP -1.2% (announced proposed public offering of $1.75 bln of ordinary shares), .
Analyst comments: GCO -2.5% (downgraded to Sell from Neutral at Goldman), CVC -1.9% ( initiated with a Underperform at Credit Suisse), NUVA -1.6% (downgraded to Neutral from Buy at Goldman), DF -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
In reaction to disappointing earnings/guidance: VMEM -7%, NCS -3.8%, GWRE -3%, MIND -1.2%, GES -0.5%, FAST -0.5%, (reports May sales +0.3% to $314.4 mln; daily sales +5.3%)
Select metals/mining stocks trading lower: GFI -2.5%, BHP -1.8%, BHP -1.8%, RIO -0.8%, GDX -0.7%, SLV -0.7%, VALE -0.6%, .
Other news: CDTI -11.5% (Clean Diesel Technologies and AP Exhaust Partner to commercialize next-generation catalysts), GEVO -5.6% (announces entrance into an agreement with FCStone Merchant Services to originate and supply corn for Gevo's plant in Luverne, Minn), ORIG -5.2% (Ocean Rig UDW Inc. announces offering of common stock), NOR -4.4% (disclosed receipt of a notice of termination from Ameren advising that, effective June 1, 2020, it is terminating the December 14, 2004 Agreement), INXN -4.2% (reports a 18.6 mln share distribution by Baker Communications Fund II), FGP -3.8% (prices offering of 6,325,000 common units representing limited partner interests in FGP at a price to the public of $23.00 per unit), CTLT -1.7% (prices secondary offering of 14 mln shares of common stock by certain of its stockholders at $29.00 per share), ENDP -1.2% (announced proposed public offering of $1.75 bln of ordinary shares), .
Analyst comments: GCO -2.5% (downgraded to Sell from Neutral at Goldman), CVC -1.9% ( initiated with a Underperform at Credit Suisse), NUVA -1.6% (downgraded to Neutral from Buy at Goldman), DF -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)