>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:
  • APOG -2.2%
M&A news:
  • SNCR -18.8% (Siris Capital Group affirms 12.93% active stake, informs the Company that they are no longer interested in pursuing an all-cash acquisition of the Company and, accordingly, the indication of interest set forth in the June 22 Letter is withdraw)
Other news:
  • FOMX -11.6% (Foamix director and advisor entered into an individual share trading plan in accordance with Rule 10b5-1)
  • MDWD -9.9% (prices underwritten public offering of 4,400,000 of its ordinary shares at a price to the public of $5.00/share)
  • MUX -8.6% (announces bought deal of $40.5 mln -- includes 18 mln shares and warrants to buy up to 9 mln shares at $2.25 per share and associated one-half common stock warrant)
  • SUPN -7.4% (announced the outcome of the planned interim analysis from the first Phase III clinical trial on SPN-810; says lower dose of SPN-810 trial will be eliminated)
  • BECN -4.7% (commences $300 mln common stock offering; also files for common stock shelf offering )
  • HAS -2.4% (continued weakness on Toys R Us bankruptcy)
  • EFX -1.8% (pulling back in after hours trade on reports that the company had security breach earlier than disclosed)
  • PAA -1.3% (Valero Energy and Plains All American Pipeline (PAA) mutually agreed to terminate agreement providing for the acquisition by a subsidiary of Valero of two petroleum storage and distribution terminals)
  • BEAT -1.3% (continued weakness; also Board of Directors determined that the Company hold an advisory vote to approve executive compensation annually until the next required stockholder vote on the frequency of such votes)
  • FRSH -1.1% (appoints CFO Mark Hutchens as COO effective immediately; Hutchens will continue in his role as CFO until a qualified replacement is found)
Analyst comments:
  • UAA -2.9% (downgraded to Underperform from Market Perform at Wells Fargo)
  • DMTX -1.7% (downgraded to Sell from Neutral at Citigroup)
  • NKE -1.5% (downgraded to Neutral from Positive at Susquehanna)
  • TSLA -0.9% (initiated with a Underperform at Jefferies)