Gapping down
In reaction to disappointing earnings/guidance: HLX -7.1%, IBM -4.9%, HXL -2.7%, UTX -2.2%, VZ -1.8%, NVS -1.6%, WERN -1.1%, RF -0.8%, RMBS -0.7%
Other news: CYTR -16.8% (announces public offering of its common stock), UNFI -10.5% (announces that its contract as a distributor to Albertsons will terminate on September 20, 2015, rather than upon the original contract end date of July 31, 2016), RNO -8.1% (announces suspension of Q2 Distribution), EXAS -4.4% (announces an agreement to sell 7 mln shares of its common stock to Jefferies LLC and Robert W. Baird & Co. Incorporated as underwriters in an underwritten public offering), SHAK -3.7% ( files for 4 mln share common stock offering by selling shareholders), EXEL -3.1% (pulling back following yday's strength), IOC -1.4% (cont weakness), PVA -1.2% ( CEO and President Baird Whitehead announces retirement; Board has retained recruiting firm), ADPT -1% ( files for offering of common stock, size not disclosed ), GSK -0.8% (in symp with NVS)
Analyst comments: TSLA -4.1% (downgraded to Sell from Neutral at UBS), HAS -2% (downgraded to Neutral from Overweight at Piper Jaffray), EBAY -1.2% (downgraded to Hold from Buy at Stifel), SHO -0.9% (downgraded to Underperform at BofA/Merrill), ORAN -0.7% (downgraded to Hold from Buy at Deutsche Bank)
In reaction to disappointing earnings/guidance: HLX -7.1%, IBM -4.9%, HXL -2.7%, UTX -2.2%, VZ -1.8%, NVS -1.6%, WERN -1.1%, RF -0.8%, RMBS -0.7%
Other news: CYTR -16.8% (announces public offering of its common stock), UNFI -10.5% (announces that its contract as a distributor to Albertsons will terminate on September 20, 2015, rather than upon the original contract end date of July 31, 2016), RNO -8.1% (announces suspension of Q2 Distribution), EXAS -4.4% (announces an agreement to sell 7 mln shares of its common stock to Jefferies LLC and Robert W. Baird & Co. Incorporated as underwriters in an underwritten public offering), SHAK -3.7% ( files for 4 mln share common stock offering by selling shareholders), EXEL -3.1% (pulling back following yday's strength), IOC -1.4% (cont weakness), PVA -1.2% ( CEO and President Baird Whitehead announces retirement; Board has retained recruiting firm), ADPT -1% ( files for offering of common stock, size not disclosed ), GSK -0.8% (in symp with NVS)
Analyst comments: TSLA -4.1% (downgraded to Sell from Neutral at UBS), HAS -2% (downgraded to Neutral from Overweight at Piper Jaffray), EBAY -1.2% (downgraded to Hold from Buy at Stifel), SHO -0.9% (downgraded to Underperform at BofA/Merrill), ORAN -0.7% (downgraded to Hold from Buy at Deutsche Bank)