Gapping down
In reaction to disappointing earnings/guidance: CONN -16.3%, (also appoints Lee Wright as CFO; will succeed Tom Moran)BOX -8.2%, CCCL -5.4%, COST -1.8%, (reported flat comps for May (vs +0.9%e) WUBA -1.2%, AMWD -0.5%
Other news: DEA -4.1% (announces 6.13 mln share offering), CPST -3.2% (modestly pulling back following recent strength),ORCL -2.5% (reports that former accountant has filed lawsuit - allegedly was told to change sales figures), OPTT -2.3% (modestly pulling back following recent strength), TEGP -1% ( files for ~109.5 mln class A share shelf offering by selling shareholders; proposed max offering price of $23.94/share ), BUD -1% (reports results of consent solicitation), WFT -0.7% (upsizes and prices offering of $1.1 bln of Exchangeable Senior Notes), BABA -0.5% (agrees to purchase 27,027,027 ordinary shares from SoftBank (SFTBY) at $74.00 per share)
Analyst comments: CMC -2% (downgraded to Underperform from Neutral at BofA/Merrill), XLNX -1% (downgraded to Neutral from Buy at Goldman), XOM -0.8% (downgraded to Neutral from Buy at BofA/Merrill), WSM -0.8% (initiated with a Sell at BTIG Research)
In reaction to disappointing earnings/guidance: CONN -16.3%, (also appoints Lee Wright as CFO; will succeed Tom Moran)BOX -8.2%, CCCL -5.4%, COST -1.8%, (reported flat comps for May (vs +0.9%e) WUBA -1.2%, AMWD -0.5%
Other news: DEA -4.1% (announces 6.13 mln share offering), CPST -3.2% (modestly pulling back following recent strength),ORCL -2.5% (reports that former accountant has filed lawsuit - allegedly was told to change sales figures), OPTT -2.3% (modestly pulling back following recent strength), TEGP -1% ( files for ~109.5 mln class A share shelf offering by selling shareholders; proposed max offering price of $23.94/share ), BUD -1% (reports results of consent solicitation), WFT -0.7% (upsizes and prices offering of $1.1 bln of Exchangeable Senior Notes), BABA -0.5% (agrees to purchase 27,027,027 ordinary shares from SoftBank (SFTBY) at $74.00 per share)
Analyst comments: CMC -2% (downgraded to Underperform from Neutral at BofA/Merrill), XLNX -1% (downgraded to Neutral from Buy at Goldman), XOM -0.8% (downgraded to Neutral from Buy at BofA/Merrill), WSM -0.8% (initiated with a Sell at BTIG Research)