Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- MAT -12.2%, CMPR -11.4%, (very light volume - also announces intention to implement organizational changes aimed at decentralizing its operations)
- MCK -6.1%, (also enters into agreement to acquire CoverMyMeds for approx $1.1 bln), EURN -6.1%, VAR -5.9%, SWK -5.9%, FFIV -5.2%, POT -4.8%
- LVS -4.7%, UN -4.7%, EFII -4.6%, WHR -4.3%, ADS -4.1%, CTXS -3.9%, (also increases buyback $500 mln; LogMeIn stockholders approve issuance of shares of its common stock to equityholders of Citrix Systems in connection with its proposed merger with Citrix; merger is expected to be completed on January 31, 2017)
- QCOM -3.9%, RTN -3%, KNX -2.9%, BMY -2.8%, NG -2.5%, QTM -2.2%, GDX -2.2%, WASH -2.1%, CLFD -2.1%, LYTS -1.8%, LRCX -1.6%, LANC -1.6%
- CAT -1.4%, SXC -1.3%, CMO -1.2%, (light volume), NUTR -1.2%
M&A news:
- JNJ -0.5% (to acquire Actelion (ALIOY) for $280 per share; will spin-out of new R&D Co)
Select LVS peers showing weakness:
- WYNN -1.5%, MPEL -1.5%, MGM -1.4%
Select metals/mining stocks trading lower:
- AGI -7.5%, HMY -4.4%, ABX -3.2%, AU -3.1%, KGC -3%, SLW -2.8%, AUY -2.8%, GOLD -2.8%, GFI -2.6%, NEM -2.6%,GDX -2.3%, BBL -1.7%, RIO -1.5%, SLV -1.5%, BHP -1.2%
Other news:
- DRWI -23.8% (reduced the exercise price of its outstanding six-month warrants issued August 2016)
- ENTL -10.8% (prices 3.53 mln shares of common stock at $17.00 per share)
- AGI -7.5% (announces $250 mln bought deal offering; to sell 31.45 mln common shares at $7.95/share)
- HAS -3.8% (following MAT earnings/guidance)
- ABC -3.3% (following MCK earnings/guidance and acquisition news)
Analyst comments:
- UTX -0.9% (downgraded to Hold ratings from Buy at Argus)