Gapping down
In reaction to disappointing earnings/guidance: ATI -7.8%, MRTN -5.9%, MJN -4.9%, DAL -1.5%, YUM -1.4%
Select China related names showing weakness with Shanghai down 3% overnight: JMEI -4.9%, CMCM -4.5%, SOHU -2.3%, SFUN -2.1%, LFC -1.3%, JD -1.2%
Other news: CPPL -6.6% (attributed to secondary pricing), DBVT -4.3% (prices offering of 3,600,000 ordinary shares in the form of 7,200,000 ADSs, at $34.00 per ADS), CBAY -3.9% (announces proposed public offering of common stock), RDHL -3.9% ( announces public offering of its ADRs), RARE -3% (announces a $250 mln offering of common stock), SFY -1.6% (to be removed from the S&P SmallCap 600)
Analyst comments: ABB -1.3% (downgraded to Sell at Baader Helvea), LLY -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), TI -0.9% (removed from Conviction Buy list at Goldman), YHOO -0.6% (target lowered to $50 from $59 at Sun Trust Rbsn Humphrey)
In reaction to disappointing earnings/guidance: ATI -7.8%, MRTN -5.9%, MJN -4.9%, DAL -1.5%, YUM -1.4%
Select China related names showing weakness with Shanghai down 3% overnight: JMEI -4.9%, CMCM -4.5%, SOHU -2.3%, SFUN -2.1%, LFC -1.3%, JD -1.2%
Other news: CPPL -6.6% (attributed to secondary pricing), DBVT -4.3% (prices offering of 3,600,000 ordinary shares in the form of 7,200,000 ADSs, at $34.00 per ADS), CBAY -3.9% (announces proposed public offering of common stock), RDHL -3.9% ( announces public offering of its ADRs), RARE -3% (announces a $250 mln offering of common stock), SFY -1.6% (to be removed from the S&P SmallCap 600)
Analyst comments: ABB -1.3% (downgraded to Sell at Baader Helvea), LLY -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley), TI -0.9% (removed from Conviction Buy list at Goldman), YHOO -0.6% (target lowered to $50 from $59 at Sun Trust Rbsn Humphrey)