Gapping down
In reaction to disappointing earnings/guidance:
- VNE -17.6%, OPB -3.9%, ON -3.7%, QSR -3.7%, DORM -1.8%
Other news:
- MOMO -8.2% (says it has become aware that certain mobile app stores in China have removed the Tantan mobile app on direction of governmental authorities in China)
- OXY -2.8% (Anadarko Petroleum (APC) to begin deal talks with OXY despite Chevron (CVX) bid, according to Reuters)
- DB -1% (Chairman says bank does not need strategic overhaul)
Analyst comments:
- CTSH -2.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- ALRM -1.9% (downgraded to Neutral from Buy at ROTH Capital)
- AXP -0.9% (downgraded to Neutral from Buy at UBS)
- OLED -0.7% (downgraded to Neutral from Positive at Susquehanna)
- INTC -0.4% (downgraded to Hold from Buy at Argus)