Gapping down
In reaction to disappointing earnings/guidance: CLC -9.3%, ARCW -7.1%, TEX -4.7%, SANW -4.2%, RAD -4.2%, ORCL -2.4%
M&A news: PRGO -1.2% (unanimously rejects Mylan's (MYL) unsolicited exchange offer, calling it 'inadequate' ), ATML -1.1% (China Electronics considering $8.50/share buyout of ATML, according to Bloomberg)
Select EU financial related names showing weakness: LYG -2.1%, NBG -2.1%, HSBC -1.7%
Select metals/mining stocks trading lower: AUY -1.9%, GOLD -1.9%, VALE -1.6%, RIO -1.4%, HMY -1.2%, MT -1.1%
Other news: BTU -12% (announced 1-for-15 reverse stock split following shareholder approval), FIT -2.7% modest pull back pre-mkt following yesterday's gains)
Analyst comments: UBNT -2.5% (downgraded to Underperform from Market Perform at BMO Capital), MRTX -1.2% (downgraded to Neutral from Overweight at Piper Jaffray), HAS -1.1% (downgraded to Neutral from Buy at Goldman
)
In reaction to disappointing earnings/guidance: CLC -9.3%, ARCW -7.1%, TEX -4.7%, SANW -4.2%, RAD -4.2%, ORCL -2.4%
M&A news: PRGO -1.2% (unanimously rejects Mylan's (MYL) unsolicited exchange offer, calling it 'inadequate' ), ATML -1.1% (China Electronics considering $8.50/share buyout of ATML, according to Bloomberg)
Select EU financial related names showing weakness: LYG -2.1%, NBG -2.1%, HSBC -1.7%
Select metals/mining stocks trading lower: AUY -1.9%, GOLD -1.9%, VALE -1.6%, RIO -1.4%, HMY -1.2%, MT -1.1%
Other news: BTU -12% (announced 1-for-15 reverse stock split following shareholder approval), FIT -2.7% modest pull back pre-mkt following yesterday's gains)
Analyst comments: UBNT -2.5% (downgraded to Underperform from Market Perform at BMO Capital), MRTX -1.2% (downgraded to Neutral from Overweight at Piper Jaffray), HAS -1.1% (downgraded to Neutral from Buy at Goldman
)