Gapping down
In reaction to disappointing earnings/guidance: NIHD -24.4%, ELGX -22.2% (also downgraded to Perform from Outperform at Oppenheimer), APEI -15.7% (also downgraded to Market Perform from Outperform at BMO Capital), DECK -13.8% (also downgraded to Hold from Buy at Jefferies; tgt lowered to $75 from $100; upgraded to Positive from Neutral at Susquehanna ), YUME -13.8% (YuMe downgraded to Neutral from Buy at Citigroup), KBR -11.5% (also downgraded to Hold from Buy at BB&T Capital Mkts ), BONA -10.7%, MDVN -10.1% (also downgraded to Underperform from Mkt Perform at Cowen), CHUY -9.7%, PSO -7%, SQNM -6.6%, ENDP -4.3% (Endo Health announces departure of Chief Scientific Officer), PIR -4.3%, AVD -4.1% (light volume), SWN -3.8%,PKT -3.3%, ACAD -3.3%, CLNE -3.2%, DRRX -2%, BID -1.8% (also Third Point LLC Responds to Sotheby's Conclusion That Daniel S. Loeb Would Be an Appropriate Member of the Company's Board of Directors), AMAP -1.8%, SPLK -1.6%, KOG -1.5%, CEMP -1.4% (light volume), OLED -1.2%, GPS -1.2% (Gap's Old Navy opens its first store in Mainland China; upgraded to Neutral from Underweight at Atlantic Equities), HALO -1.1%, NOG -0.9% (light volume), ROST -0.4%.
Select financial related names showing weakness: RBS -1.8%, HSBC -1.1%, SAN -1%, BCS -0.7%.
Airline names lower following UAL Q1 update: UAL -3.7% ( lowers Q1 capacity outlook due to weather), JBLU -0.9%, DAL -0.7%, AAL -0.6%
Other news: MTL -15.6% (down on financing speculation -- co has responded and says it is pure speculation -- see 646 comment for color), IMI -16.9% (light volume, Intermolecular announced that the development activity related to the Collaborative Development Program agreement with SanDisk (SNDK) and Toshiba (TOSBF) has reached its successful conclusion), CGEN -7% (announces proposed public offering of ordinary shares), MGIC -6.2% (announces proposed public offering of its ordinary shares, size not disclosed), NEPT -4.4% ( announces common stock offering ; number of shares to be determine by price of offering), CLNY -2.4% (prices $13 mln shares of common stock), AMPE -2.4% (prices 8.5 mln shares of common stock at $7.00 per share), P -1.5% (following AMZN news), QCOR -1.4% (following yesterday's 7 point decline; reports out indicate the FDA will review lab results discussed in Citron Research article), RDY -1.3% (still checking), RIO -1% (still checking for something specific), NE -0.6% (provides update on the status of drilling rig in Brazil; 77 non-essential personnel were evacuated from the rig without injuries, and no pollution has been reported), DPM -0.4% (prices offering of 12.5 mln common units at $48.90 per unit).
Analyst comments: ITMN -2.1% (downgraded to Neutral from Outperform at Credit Suisse), PAAS -1.4% (downgraded to Hold from Buy at Deutsche Bank), MWE -1.1% (downgraded to Market Perform from Outperform at Wells Fargo; downgraded to Equal-Weight from Overweight at Morgan Stanley), VNR -1% (downgraded to Market Perform from Outperform at Wells Fargo; downgraded to Sector Perform at RBC Capital Mkts), MYL -0.5% ( downgraded to Hold at Needham; even deal fever eventually breaks).
Select financial related names showing weakness: RBS -1.8%, HSBC -1.1%, SAN -1%, BCS -0.7%.
Airline names lower following UAL Q1 update: UAL -3.7% ( lowers Q1 capacity outlook due to weather), JBLU -0.9%, DAL -0.7%, AAL -0.6%
Other news: MTL -15.6% (down on financing speculation -- co has responded and says it is pure speculation -- see 646 comment for color), IMI -16.9% (light volume, Intermolecular announced that the development activity related to the Collaborative Development Program agreement with SanDisk (SNDK) and Toshiba (TOSBF) has reached its successful conclusion), CGEN -7% (announces proposed public offering of ordinary shares), MGIC -6.2% (announces proposed public offering of its ordinary shares, size not disclosed), NEPT -4.4% ( announces common stock offering ; number of shares to be determine by price of offering), CLNY -2.4% (prices $13 mln shares of common stock), AMPE -2.4% (prices 8.5 mln shares of common stock at $7.00 per share), P -1.5% (following AMZN news), QCOR -1.4% (following yesterday's 7 point decline; reports out indicate the FDA will review lab results discussed in Citron Research article), RDY -1.3% (still checking), RIO -1% (still checking for something specific), NE -0.6% (provides update on the status of drilling rig in Brazil; 77 non-essential personnel were evacuated from the rig without injuries, and no pollution has been reported), DPM -0.4% (prices offering of 12.5 mln common units at $48.90 per unit).
Analyst comments: ITMN -2.1% (downgraded to Neutral from Outperform at Credit Suisse), PAAS -1.4% (downgraded to Hold from Buy at Deutsche Bank), MWE -1.1% (downgraded to Market Perform from Outperform at Wells Fargo; downgraded to Equal-Weight from Overweight at Morgan Stanley), VNR -1% (downgraded to Market Perform from Outperform at Wells Fargo; downgraded to Sector Perform at RBC Capital Mkts), MYL -0.5% ( downgraded to Hold at Needham; even deal fever eventually breaks).