Gapping down
In reaction to disappointing earnings/guidance: INFY -3.9%, VMW -2.7% (preannounces Q3 results just above consensus as Dell acquires parent EMC).
Casino/gaming stocks trading lower: WYNN -2.4%, MGM -2.2%, LVS -2.1%, MPEL -1.5%.
Other news: MHR -37.8% (suspends monthly preferred dividend payments; hires advisors to explore strategic alternatives; downgraded to Sector Perform from Outperform at RBC Capital Mkts), CAPN -9.8% ( reports a private placement of up to $10 mln in convertible preferred stock and warrants), SIEN -9.6% ( sends letter to plastic surgeons; co has been in ongoing discussions with the FDA, voluntarily placing on temporary hold the sale in the US of all Sientra devices manufactured by Silimed), LLY -9.4% (will discontinue development of evacetrapib for the treatment of high-risk atherosclerotic cardiovascular disease), MRK -3.2% (still checking), UNXL -2.1% (following 50%+ move higher on Friday), LUV -2.1% ( confirmed technology issues which caused delays over the weekend), TKAI -0.6% ( files for $150 mln mixed securities shelf offering), AM -0.2% (files for ~12.9 mln unit offering by selling unitholders), RCL -1% / CCL -0.9% (still checking).
Analyst comments: UTIW -1.7% (downgraded to Equal Weight from Overweight at a boutique firm), STO -1% ( downgraded to Sector Outperform at Scotia Howard Weil), OZM -1% (downgraded to Neutral from Buy at Citigroup)
Casino/gaming stocks trading lower: WYNN -2.4%, MGM -2.2%, LVS -2.1%, MPEL -1.5%.
Other news: MHR -37.8% (suspends monthly preferred dividend payments; hires advisors to explore strategic alternatives; downgraded to Sector Perform from Outperform at RBC Capital Mkts), CAPN -9.8% ( reports a private placement of up to $10 mln in convertible preferred stock and warrants), SIEN -9.6% ( sends letter to plastic surgeons; co has been in ongoing discussions with the FDA, voluntarily placing on temporary hold the sale in the US of all Sientra devices manufactured by Silimed), LLY -9.4% (will discontinue development of evacetrapib for the treatment of high-risk atherosclerotic cardiovascular disease), MRK -3.2% (still checking), UNXL -2.1% (following 50%+ move higher on Friday), LUV -2.1% ( confirmed technology issues which caused delays over the weekend), TKAI -0.6% ( files for $150 mln mixed securities shelf offering), AM -0.2% (files for ~12.9 mln unit offering by selling unitholders), RCL -1% / CCL -0.9% (still checking).
Analyst comments: UTIW -1.7% (downgraded to Equal Weight from Overweight at a boutique firm), STO -1% ( downgraded to Sector Outperform at Scotia Howard Weil), OZM -1% (downgraded to Neutral from Buy at Citigroup)