Gapping down
In reaction to disappointing earnings/guidance: SWHC -9.8%, OC -6.8%, ORCL -6.4%, AKS -5.9%, DRI -4.1%, TIBX -1.5%.
M&A news: TRGP -10.4% (TRGP and NGLS announced discussions regarding a potential business combination with Energy Transfer Equity (ETE) have been terminated), NGLS -10.2%.
Select metals/mining stocks trading lower: GG -1.1%, AG -1%, GOLD -0.9%, ABX -0.8%, GDX -0.7%, MT -0.7%, NEM -0.6%, BHP -0.6%, GLD -0.5%.
Other news: MACK -10.8% (co to regain worldwide rights to develop and commercialize MM-121; co to pursue registration path for MM-121 and partnership opportunities), CLRX -9.7% (prices of an underwritten public offering of 913,500 shares of its common stock), RIBT -6.3% (announced proposed public offering of common stock and warrants, size not disclosed), EMES -5.6% (announced secondary public offering of ~3.52 mln common units by selling unitholders), EXL -5.2% (announced public fllow-on offering of 10.0 mln shares of common stock; Barclays Capital Inc. and Raymond James & Associates, Inc. will act as joint book-running managers), KND -3.7% (priced 9 mln share offering of common stock at $23.75 per share), RGR -3.7% (in sympathy with SWHC),MCP -3.1% (Moody's downgraded co's corporate family rating to Caa2 from Caa1, affirmed B3 rating on senior secured notes), DB -2.8% (proposing issuance of 299.8 mln of new registered no par value shares), BECN -2.3% (in sympathy with OC's lowered guidance), EVDY -1.7% (WBMD commences litigation against co for trademark infringement, believes that the WBMD claims do not have merit), KORS -1.5% (potentially in sympathy with COH's downgrades), ING -1.3% (potentially in sympathy with DB), HW -0.9% (in sympathy with OC's lowered guidance).
Analyst comments: SAH -1.7% (downgraded to Sell from Neutral at Goldman), PETM -1.4% (downgraded to Neutral from Outperform at Wedbush), COH -1.1% (downgraded to Mkt Perform from Outperform at BMO Capital Mkts; downgraded to Neutral from Overweight at HSBC).
In reaction to disappointing earnings/guidance: SWHC -9.8%, OC -6.8%, ORCL -6.4%, AKS -5.9%, DRI -4.1%, TIBX -1.5%.
M&A news: TRGP -10.4% (TRGP and NGLS announced discussions regarding a potential business combination with Energy Transfer Equity (ETE) have been terminated), NGLS -10.2%.
Select metals/mining stocks trading lower: GG -1.1%, AG -1%, GOLD -0.9%, ABX -0.8%, GDX -0.7%, MT -0.7%, NEM -0.6%, BHP -0.6%, GLD -0.5%.
Other news: MACK -10.8% (co to regain worldwide rights to develop and commercialize MM-121; co to pursue registration path for MM-121 and partnership opportunities), CLRX -9.7% (prices of an underwritten public offering of 913,500 shares of its common stock), RIBT -6.3% (announced proposed public offering of common stock and warrants, size not disclosed), EMES -5.6% (announced secondary public offering of ~3.52 mln common units by selling unitholders), EXL -5.2% (announced public fllow-on offering of 10.0 mln shares of common stock; Barclays Capital Inc. and Raymond James & Associates, Inc. will act as joint book-running managers), KND -3.7% (priced 9 mln share offering of common stock at $23.75 per share), RGR -3.7% (in sympathy with SWHC),MCP -3.1% (Moody's downgraded co's corporate family rating to Caa2 from Caa1, affirmed B3 rating on senior secured notes), DB -2.8% (proposing issuance of 299.8 mln of new registered no par value shares), BECN -2.3% (in sympathy with OC's lowered guidance), EVDY -1.7% (WBMD commences litigation against co for trademark infringement, believes that the WBMD claims do not have merit), KORS -1.5% (potentially in sympathy with COH's downgrades), ING -1.3% (potentially in sympathy with DB), HW -0.9% (in sympathy with OC's lowered guidance).
Analyst comments: SAH -1.7% (downgraded to Sell from Neutral at Goldman), PETM -1.4% (downgraded to Neutral from Outperform at Wedbush), COH -1.1% (downgraded to Mkt Perform from Outperform at BMO Capital Mkts; downgraded to Neutral from Overweight at HSBC).