Gapping down
In reaction to disappointing earnings/guidance: PDFS -17.8%, JRJC -8%, TA -5.2%, SANW -4.1%
M&A news: DWA -9.1% (Softbank (SFTBY) merger talks with DWA being donwplayed, according to reports; also reports indicate SFTBY may purchase Legendary Pictures)
Select metals/mining stocks trading lower: AU -2.1%, GFI -2%, SSRI -1.6%, AG -1.5%, IAG -1.4%, SLV -1.4%, PAAS -1.4%, FSM -1.2%, GDX -1.1%, ABX -0.9%, GLD -0.8%, SLW -0.8%
Other news: MTL -13.3% (cont bankruptcy speculation), TSL -3% (announces the offering of ~7 mln American Depositary Shares), FDUS -2.2% ( announces commencement of public offering of common stock), WUBA -1.8% (still checking), F -0.9% (following late weakness on comments from Investor Day -- says it will miss its 2014 pretax profit goal of $6 bln), SVU -0.9% (announced the discovery of malware on some of its point of sale systems; protective technology believed to have limited the risk of data theft)
Analyst comments: ARMH -2.1% (downgraded to Underperform from Mkt Perform at Bernstein), CRR -1% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SGEN -1% (downgraded to Underperform from Neutral at BofA/Merrill), K -0.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
In reaction to disappointing earnings/guidance: PDFS -17.8%, JRJC -8%, TA -5.2%, SANW -4.1%
M&A news: DWA -9.1% (Softbank (SFTBY) merger talks with DWA being donwplayed, according to reports; also reports indicate SFTBY may purchase Legendary Pictures)
Select metals/mining stocks trading lower: AU -2.1%, GFI -2%, SSRI -1.6%, AG -1.5%, IAG -1.4%, SLV -1.4%, PAAS -1.4%, FSM -1.2%, GDX -1.1%, ABX -0.9%, GLD -0.8%, SLW -0.8%
Other news: MTL -13.3% (cont bankruptcy speculation), TSL -3% (announces the offering of ~7 mln American Depositary Shares), FDUS -2.2% ( announces commencement of public offering of common stock), WUBA -1.8% (still checking), F -0.9% (following late weakness on comments from Investor Day -- says it will miss its 2014 pretax profit goal of $6 bln), SVU -0.9% (announced the discovery of malware on some of its point of sale systems; protective technology believed to have limited the risk of data theft)
Analyst comments: ARMH -2.1% (downgraded to Underperform from Mkt Perform at Bernstein), CRR -1% (downgraded to Underweight from Equal-Weight at Morgan Stanley), SGEN -1% (downgraded to Underperform from Neutral at BofA/Merrill), K -0.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley)