>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

SNAP -21.8%, MNKD -19.4%, BCEI -16.8%, KGJI -16.7%, QTM -16.6%, SANW -14.6%, AVNW -14.6%,NH -12.8%, SCON -12.2%, NVCN -12.1%, VSTO -12.1%, RGSE -11.9%, M -11.9%, FRSH -11.8%, RESN -11.5%, NYRT -8.5%, PIRS -7.3%, SYMC -6.5%, AEG -6.4%, ANTH -6.2%, OMER -5.8%, ELF -5.4%, HOLX -4.9%, QUIK -4.2%, RXII -3.7%, CPA -3.6%, SND -3.6%, BT -3.3%, KSS -3%, AGTC -2.5%, TEF -2.5%,TEF -2.5%, RLGT -2.4%, CFMS -2.3%, RTK -2.2%,ENB -1.9%, DDS -1.9%, AMBC -1.8%, BITA -1.7%,VSTM -1.6%, TIER -1.6%, CDTX -1.4%, ENV -1%,IMMU -1%, NDRM -1%

M&A news:

STRP -20% (confirms agreement to be acquired by Verizon (VZ) for $184.00/share in stock)

Select EU financial related names showing weakness:

SAN -2.5%, BCS -2.4%, BBVA -2.1%, RBS -1.6%, ING-1.5%, DB -1.3%, CS -0.7%

Other news:

ITUS -41.2% (proposed registered public offering of its common stock)
CNAT -13.8% (to offer and sell shares of its common stock in an underwritten public offering)
ABR -7% (plans to make a public offering of 9,500,000 shares of its common stock)
SP -6% (announces certain existing stockholders intend to offer for sale 3.6 mln shares of its common stock in a secondary offering)
JWN -3% (in sympathy with M)
BCRX -1.8% ( files for 11,710,951 share common stock offering by holders)
BFAM -1.7% (prices 4.15 mln common stock offering by selling stockholders)
CVTI -1.1% (US District Court for the Southern District of Ohio issued a pre-trial decision against one of its subsidiaries relating to a cargo claim incurred in 2008; co is reviewing its options regarding further appeals)
MTBC -1% (announces $2.3 mln registered direct offering at $2.30 per share)

Analyst comments: