Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- BMI -8.3%, IBM -2.7%, WWW -2%, FLOW -1.8%, (ticking lower after issuing downside guidance), HOG -1.4%, RF -1.2%,CPSS -1%, JNJ -0.4%
M&A news:
- AYA -26.2% (provides update on special committee process; Board opts to remain independent; also reported earnings)
- OAS -2.6% (acquisition of drilling locations from SM Energy (SM); also announces a 40 mln share underwritten public offering and downgraded to Sell from Neutral at Goldman)
Other news:
- CTRV -5.6% (modestly pulling back following yesterday's recent strength)
- NKTR -4.3% (announces a $175 mln underwritten public offering of common stock)
- AXAS -2.5% (ticking lower after releasing October 2016 presentation)
- V -0.9% (Visa CEO Charlie Scharf resigns effective December 1; co has appointed former American Express President Alfred Kelly, Jr. as CEO)
Analyst comments:
- CY -0.5% (downgraded to Equal Weight from Overweight at Barclays)
- CMG -0.5% (downgraded to Underperform from Mkt Perform at Raymond James)