Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ZBH -9%, CTL -7.7%, BSFT -5.1%, DM -3.3%, UCP -2.5%, ROP -1.7%, LL -1.2%, IROQ -0.9%, CAH -0.7%
Other news:
- MEMP -40.4% (confirms plans to suspend quarterly cash distributions and initiates process to explore strategic alternatives)
- GRVY -2.1% (modestly pulling back following Friday's strength post earnings)
- PGNX -1.8% (receives notification of a Paragraph IV certification for certain patents for RELISTOR)
- MOMO -0.5% (Chief Technology Officer Zhiwei Li resigns for personal reasons effective November 1)
Analyst comments:
- NKE -1.9% (downgraded to Underperform from Neutral at BofA/Merrill )
- NVO -1.4% (downgraded to Neutral from Buy at Citigroup )
- XOM -0.9% (downgraded to Neutral from Buy at Goldman; removed from Conviction Buy List)
- ABBV -0.7% (downgraded to Neutral from Outperform at Credit Suisse)
- HD -0.6% (downgraded to Neutral from Overweight at Piper Jaffray)
- LOW -0.5% (downgraded to Neutral from Overweight at Piper Jaffray)