Gapping down
In reaction to disappointing earnings/guidance: TLYS -10.8%, DANG -10.8%, SMTC -9%, OA -8.9%, CPRT -6.5%, SIG -4.6%, WILC -2.9%, SAFM -2.8%, SDRL -2.7%, COST -2.3%, MOD -1.9%, ANW -1.2%
M&A news: KNOP -7.5% (to Acquire the Dan Sabia; announces public offering of 5 mln common units), BRCM -1.7% (confirms it will be acquired by Avago Tech (AVGO) for $37 bln)
Select China related names showing weakness after the Shanghai Comp closed -6.5% overnight: SFUN -5.7%, SHI -5.4%, LFC -4.9%, CEA -4.3%, YOKU -3.9%, CHA -3.7%, NQ -3.1%, JRJC -2.5%, QIHU -2.1%, BIDU -1.2%
Select metals/mining stocks trading lower: MT -2%, RIO -1.6%, AU -1.5%, BHP -1.5%
Other news: NBS -22.8% (prices 12,500,000 shares of common stock at a public offering price of $2.00 per share), RXII -16.5% (priced 26 mln units at a price of $0.40 per Unit, resulting in gross proceeds of ~$10.4 mln), CERE -5.8% (still checking), AMAG -5.6% (receives response letter from FDA for the single-dose vial of Makena), CTRP -3.1% was a victim of a cyber attack and was taken offline, according to reports), NBG -2.1% (cont uncertainty surrounding Greece default), SERV -1.9% (prices secondary offering of 20,000,000 shares of its common stock by certain stockholders at $34.00), PLAY -1.7% (prices secondary public offering of 8,500,000 shares of common stock by certain stockholders at $31.50 per share), AAWW -1.4% ( files for $300 mln mixed securities shelf offering ), MIC -1.2% (announced a secondary public offering of 1.9 mln shares of common stock)
Analyst comments: TFM -1.5% (downgraded to Neutral from Overweight at JP Morgan), KORS -0.7% (downgraded to Neutral from Buy at Goldman
)
In reaction to disappointing earnings/guidance: TLYS -10.8%, DANG -10.8%, SMTC -9%, OA -8.9%, CPRT -6.5%, SIG -4.6%, WILC -2.9%, SAFM -2.8%, SDRL -2.7%, COST -2.3%, MOD -1.9%, ANW -1.2%
M&A news: KNOP -7.5% (to Acquire the Dan Sabia; announces public offering of 5 mln common units), BRCM -1.7% (confirms it will be acquired by Avago Tech (AVGO) for $37 bln)
Select China related names showing weakness after the Shanghai Comp closed -6.5% overnight: SFUN -5.7%, SHI -5.4%, LFC -4.9%, CEA -4.3%, YOKU -3.9%, CHA -3.7%, NQ -3.1%, JRJC -2.5%, QIHU -2.1%, BIDU -1.2%
Select metals/mining stocks trading lower: MT -2%, RIO -1.6%, AU -1.5%, BHP -1.5%
Other news: NBS -22.8% (prices 12,500,000 shares of common stock at a public offering price of $2.00 per share), RXII -16.5% (priced 26 mln units at a price of $0.40 per Unit, resulting in gross proceeds of ~$10.4 mln), CERE -5.8% (still checking), AMAG -5.6% (receives response letter from FDA for the single-dose vial of Makena), CTRP -3.1% was a victim of a cyber attack and was taken offline, according to reports), NBG -2.1% (cont uncertainty surrounding Greece default), SERV -1.9% (prices secondary offering of 20,000,000 shares of its common stock by certain stockholders at $34.00), PLAY -1.7% (prices secondary public offering of 8,500,000 shares of common stock by certain stockholders at $31.50 per share), AAWW -1.4% ( files for $300 mln mixed securities shelf offering ), MIC -1.2% (announced a secondary public offering of 1.9 mln shares of common stock)
Analyst comments: TFM -1.5% (downgraded to Neutral from Overweight at JP Morgan), KORS -0.7% (downgraded to Neutral from Buy at Goldman
)