Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- CYOU -8.3%, SOHU -4.2%, KMB -1.8%
M&A news:
- BDX -4.5% (C.R. Bard (BCR) to be acquired by Becton Dickinson and Co (BDX) for $317.00 per share)
Select metals/mining stocks trading lower with Gold Futures -1.5% and Silver -0.6%:
- AUY -3%, GOLD -3%, SBGL -2.7%, AG -2.5%, IAG -2.3%, ABX-2.3%, GDX -2.2%, SLW -2.2%, HMY -2.1%, GG -2%, MUX -2%,NEM -1.8%, GLD -1.3%, SLV -1.1%
Other news:
- XOMA -4.9% (received notice from Novo Nordisk (NVO) of its termination of an exclusive license agreement due to strategic and business reasons)
- EYEG -4.3% (files for $11.5 mln common stock offering)
- TRUE -1.3% (expects to offer 1,000,000 shares of common stock in the offering and certain existing stockholders of the co are expected to offer 7,500,000 shares in the offering)
- VRAY -1.3% (files for $100 mln mixed securities shelf offering)
Analyst comments:
- GFI -6.2% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- AU -3.9% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- GRPN -1.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)