Gapping down
In reaction to disappointing earnings/guidance:
- N/A
Select China related names showing weakness:
- SOHU -2.9%, YY -2.2%, MOMO -2.1%, WB -1.8%, CTRP -1.7%, BABA -1.4%, JD -1.3%, BIDU -1.3%
Other news:
- SHLD -26.3% (Sears Holdings and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11)
- PGNX -2.7% (files for $250 mln mixed securities shelf offering; also entered into $75 mln Controlled Equity Offering Sales Agreement with Cantor Fitzgerald)
Analyst comments:
- AAXN -2.7% (downgraded to Neutral from Buy at Ladenburg Thalmann)
- MNST -1.6% (downgraded to In-line from Outperform at Evercore ISI)
- CLF -1.4% (downgraded to Neutral from Outperform at Credit Suisse)
- ROK -1.3% (downgraded to Underperform from Market Perform at Cowen)
- NUE -1.2% (downgraded to Neutral from Outperform at Credit Suisse)
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