Gapping down
In reaction to disappointing earnings/guidance: CERE -19.1%, PSUN -15.5% (also downgraded at Janney), SHLD -12.4%, NRP -11.5%, (declares Q4 dividend of $0.35 per share vs $0.55 in prior quarter; reaffirms FY13 guidance; sees FY14 revs of $305-340 mln vs $362.62 mln estimate), AEGR -10.5%, PRGS -10.3%, CUDA -9.6%, ( downgraded to Neutral from Buy at BofA/Merrill), SCVL-6.7%, AA -6.5%, EOPN -6%, FNP -3.5%(also announced company name change to Kate Spade & Company; Craig Leavitt to succeed William McComb as Chief Executive Officer; George Carrara promoted to President and Chief Operating Officer), NSPH -3.4% (light volume), SNX -3.2%, TGT -2.9% (also was upgraded to Buy from Neutral at Goldman), MTH -2.6% (also announces public offering of 2.2 mln shares of common stock), PSMT -2.4%, SAP -2.3%.
Other news: YRCW -18.6% (continued weakness on Teamsters voting; Teamsters reject extending, modifying current restructuring agreement), BV -15.2% (Bazaarvoice comments of court ruling challenging co;s acquisition of PowerRevenues), WYY -6.8% (files for $25 mln mixed securities shelf offering), SNE -3.2% (still checking), BALT -2.4% (still checking), PWRD -2.4% (still checking),DRYS -2.3% (still checking), JCP -1.4% (following SHLD guidance), BHI -1.2% ( provides operational update for the Q4, repurchases $350 mln in common stock), ALU -1.1% (still checking).
Analyst comments: SPLK -2% ( downgraded to Equal Weight from Overweight at Barclays), LNG -1.7% (downgraded to Neutral from Buy at Citigroup), AMBA -1.5% ( downgraded to Hold from Buy at Deutsche Bank), AMCC -1.5% (downgraded to Neutral from Buy at Sterne Agee), PHM -1.2% (PulteGroup downgraded to Underweight from Neutral at JPMorgan ), SI -1% ( downgraded to Neutral from Buy at BofA/Merrill), JNJ -0.5% (downgraded to Equal Weight from Overweight at Barclays), LLY -0.5% (downgraded to Underweight from Equal Weight at Barclays), BLK -0.2% ( downgraded to Neutral from Buy at Goldman), LVS -0.1% (downgraded to Mkt Perform from Outperform at FBR Capital)
Other news: YRCW -18.6% (continued weakness on Teamsters voting; Teamsters reject extending, modifying current restructuring agreement), BV -15.2% (Bazaarvoice comments of court ruling challenging co;s acquisition of PowerRevenues), WYY -6.8% (files for $25 mln mixed securities shelf offering), SNE -3.2% (still checking), BALT -2.4% (still checking), PWRD -2.4% (still checking),DRYS -2.3% (still checking), JCP -1.4% (following SHLD guidance), BHI -1.2% ( provides operational update for the Q4, repurchases $350 mln in common stock), ALU -1.1% (still checking).
Analyst comments: SPLK -2% ( downgraded to Equal Weight from Overweight at Barclays), LNG -1.7% (downgraded to Neutral from Buy at Citigroup), AMBA -1.5% ( downgraded to Hold from Buy at Deutsche Bank), AMCC -1.5% (downgraded to Neutral from Buy at Sterne Agee), PHM -1.2% (PulteGroup downgraded to Underweight from Neutral at JPMorgan ), SI -1% ( downgraded to Neutral from Buy at BofA/Merrill), JNJ -0.5% (downgraded to Equal Weight from Overweight at Barclays), LLY -0.5% (downgraded to Underweight from Equal Weight at Barclays), BLK -0.2% ( downgraded to Neutral from Buy at Goldman), LVS -0.1% (downgraded to Mkt Perform from Outperform at FBR Capital)