Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- IPXL -21.1%, PANW -19.5%, BW -15.2%, ENPH -12.8%, CYBE -9.9%, SSW -9.2%, (also reduces quarterly dividend)
- CHUY -8.8%, AKRX -8.7%, SRPT -7.2%, NVDQ -7%, CFI -6.6%, CLNS -6%,ETSY -5.9%, AEO -5.4%, LQ -5.3%, GORO -3.5%
- CROX -3%, QUMU -2.8%, BBY -2.8%
- CBI -2.4%, ( enters into a definitive agreement to sell its Capital Services business to an affiliate of private equity investment firm Veritas Capital for $755 million in cash)
- BVN -2.4%, AMBA -2.3%, VSI -2.3%, PTLA -2%, TSRO -1.8%, VEEV -1.6%
- MXWL -1.6%, (Maxwell Tech to acquire substantially all of the assets and business of Nesscap for $23.175 million ), CRM -1%
M&A news:
- IBKC -5.6% (IberiaBank to acquire Sabadell United Bank in a stock and cash transaction valued at $1.025 billion; to be accretive to EPS in 2018)
Select Cyber Security related names showing weakness:
- PFPT -1.7%, CHKP -1.6%, FTNT -1.4%, SYMC -1%, CYBR -0.8%
Select metals/mining stocks trading lower:
- GG -1.8%, MUX -1.7%, GDX -1.4%, AG -1.3%, AEM -1.2%, EGO -1%, GFI-1%, ABX -0.9%, GLD -0.8%
Other news:
- AKRX -8.7% ( received FDA approval for its ANDA for Mycophenolate Mofetil for Injection USP 500 mg/vial)
- NVS -3.4% (head of North America Operations and President of Novo Nordisk Inc. has resigned from the company)
- SFR -1.4% (light volume; commences public offering of 18,476,891 of its common shares, of which 10,476,891 common shares will be offered by certain selling shareholders)
Analyst comments:
- AVT -1.3% (downgraded to Sell from Neutral at Goldman)
- INTC -0.7% (downgraded to Underperform from Mkt Perform at Bernstein)