Gapping down
In reaction to disappointing earnings/guidance:
- CTRL -16.3%, GLUU -11.8%, HLIT -9.8%, LMNX -7.5%, PRA -7%, AEIS -6.7%, CHD -6.6%, RTEC -6.2%, STX -6.1%, LITE -4.1%, BZH -4%, GILD -3.7%, IT -3%, GOOG -2.2%, QGEN -1.8%, ADM -1.8%, VIAB -1%, LAZ -0.8%
Other news:
- OPK -15.3% (to offer $200 million aggregate principal amount of Convertible Senior Notes due 2025 )
- DHX -4.7% (TCS has determined not to pursue a possible transaction involving the Company at this time)
- GILD -3.7% (Endpoint News discusses Gilead's write-down of Kite's multiple myeloma program)
- IVR -3.3% (announces public offering of 14 mln shares of its common stock; expects core EPS of $0.45-0.47 vs. $0.41 S&P Capital IQ Consensus)
- AMD -2.9% (Abu Dhabi's Mubadala Investment Co sells 34.9 mln common equity shares alongside conversion of 75 mln warrants into equity shares)
- WDC -1.7% (following STX results)
- MCS -0.5% (prices 1.5 mln secondary common stock offering at $40.25 per share)
Analyst comments:
- CTL -4.1% (downgraded to Sell from Neutral at Citigroup)
- GNTX -2.4% (downgraded to Neutral from Buy at Longbow)
- ITW -1.9% (downgraded to Underperform from Neutral at BofA/Merrill)
- ALB -1.8% (downgraded to Neutral from Buy at Citigroup)
- EFX -1% (downgraded to Hold from Buy at Deutsche Bank)
- KHC -1% (downgraded to Hold from Buy at Deutsche Bank)