Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- HDP -7.9%, (announces Pres/COO departure and mgmt changes; expects Q2 total GAAP revenue of $58-59 mln vs $57.2 mln consensus),CSX -4.5%, NTRS -4.5%, UAL -3.9%, IBM -2.8%, IBKR -2%, CCI -2%, NAVI-0.6%, .
Other news:
- DRYS -29.3% (to effect a 1-for-7 reverse stock split of the Company's issued common shares)
- CYCC -26.8% (filed Form EFFECT (Notice of Effectiveness) for an S-1, which was described in an S-1MEF filing)
- SPEX -19.1% (after filing another amended S-1 with offering of approx 1.18 mln shares of common stock)
- OHGI -11.4% (discloses entry into securities purchase agreement with two investors)
- INO -9.2% (to offer $75.0 mln of shares of its common stock in an underwritten public offering)
- GLPG -6.1% (ticking lower; attributed to VRTX news)
- MMYT -4.6% (files for 15,357,028 ordinary share offering by shareholders)
- NSC -1% (plans to consolidate its Central Division headquarters operations in Knoxville into three surrounding divisions; move will affect a total of about 50 employees)
- UNP -0.9% (CSX sympathy)
Analyst comments:
- FBHS -1.1% (downgraded to Market Perform from Outperform at Wells Fargo)
- PYPL -1% (downgraded to Hold from Buy at SunTrust)
- AMC -0.7% (downgraded to Equal Weight from Overweight at Barclays)
- CMG -0.7% (downgraded to Market Perform from Outperform at BMO Capital Markets; downgraded to Market Perform from Outperform at Wells Fargo)