Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- RT -13.3%, GIII -9.2%, (lowers FY17 guidance due to warm weather, persistant lower traffic and challenging retail environment)
- NVTA -4.8%, SHAK -1.8%, (appoints Zach Koff as COO and announces CFO Jeff Uttz will retire in 2017; remain confident in the 2016 financial guidance ranges)
- SUM -1.6%, (reports downside Q4 prelim results; launches offering of 10,000,000 shares of its Class A common stock)
- AMRN -1.3%, (sees FY17 revs $155-165 mln vs $171.30 mln Capital IQ Consensus Estimate; sees FY16 rev exceeding prior range)
Select metals/mining stocks trading lower:
- SBGL -3.1%, IAG -2.8%, HMY -2.7%, GOLD -1.8%, AG -1.7%, VALE -1.6%, RIO -1.2%, GDX-1.1%, GFI -0.6%, BHP -0.5%
Other news:
- UEC -7.9% ( files for $100 mln mixed securities shelf offering)
- REGN -5.5% (following cholesterol drug Praluent ruling)
- GNK -5.2% (Genco Shipping & Trading files for 27,061,856 share common stock offering by selling shareholders that were issued upon the conversion of the Series A Preferred Stock )
- JCP -4.1% (reports Nov/Dec comparable store sales declined 0.8% YoY; reaffirms EBITDA target of $1 billion for fiscal 2016), SNY -3.1% (following cholesterol drug Praluent ruling)
- SMRT -2.9% (reports Dec comps)
- MYOK -2.8% (files for $250 mln mixed securities shelf offering)
- P -2.4% (following Sirius XM Radio CFO conference commentary - ultimately dismissing the possibility of M&A deal)
- FRSH -2.2% ( CEO resigns; Chair of the Board, Jean Birch, has been appointed interim CEO)
- PES -1.4% (updates Q4 guidance in presentation slides; expects drilling services margin/day to be at the high-end or exceed the guided range of $6.5k-7.0k)
- MRTX -0.8% (prices an underwritten public offering of 4,350,176 shares of its common stock at a price to the public of $5.60/share)
Analyst comments:
- GPRO -3.7% (downgraded to Underperform from Neutral at Longbow)