Gapping down
In reaction to disappointing earnings/guidance: PBY -11.3%, ALOG -9.9%, CASY -1.2%, TPLM -1.1% (light volume), TEVA -0.6%, KMG -0.5%, TXN -0.3%.
Select shipping related names showing weakness: GNK -16.2%, EGLE -12.7%, VLCCF -2.4%, .
Other news: IEP -6.3% (announces sale of 2 mln depositary unit), GASS -5.8% (announces public offering of 10 mln shares of common stock), TA -5.4% (TravelCenters of America LLC Announces Public Offering of 5,000,000 Common Shares), ARCC -3.8% (plans to make a public offering of 14,300,000 shares of its common stock), DAR -3.7% (announced that it intends to offer 40,000,000 shares of its common stock in an underwritten public offering), BCRX -3.7% / NVAX -0.8% (still checking), PF -3.5% (announces secondary offering of 17 mln shares of common stock), SEAS -2.8% (filed amended S-1 prior to close), ALU -2.2% (still checking), NXPI -2% ( Selling shareholders commence 25 mln share secondary offering of common stock), TAM -1.5% (proposed secondary offering of 10 mln shares of common stock), FNSR -1.3% (announces proposed $200 mln convertible Senior notes offering due 2023), RL -0.7% (still checking), HTS -0.2% (declares Q4 dividend of $0.50 per share; previous quarter's dividend was $0.55 per share), NOK -0.7% (Nokia may pay $487 mln to India to transfer factory to Microsoft (MSFT), according to reports), .
Analyst comments: TEN -0.7% (Tenneco downgraded to Outperform at RBC Capital Mkts; tgt $66)
Select shipping related names showing weakness: GNK -16.2%, EGLE -12.7%, VLCCF -2.4%, .
Other news: IEP -6.3% (announces sale of 2 mln depositary unit), GASS -5.8% (announces public offering of 10 mln shares of common stock), TA -5.4% (TravelCenters of America LLC Announces Public Offering of 5,000,000 Common Shares), ARCC -3.8% (plans to make a public offering of 14,300,000 shares of its common stock), DAR -3.7% (announced that it intends to offer 40,000,000 shares of its common stock in an underwritten public offering), BCRX -3.7% / NVAX -0.8% (still checking), PF -3.5% (announces secondary offering of 17 mln shares of common stock), SEAS -2.8% (filed amended S-1 prior to close), ALU -2.2% (still checking), NXPI -2% ( Selling shareholders commence 25 mln share secondary offering of common stock), TAM -1.5% (proposed secondary offering of 10 mln shares of common stock), FNSR -1.3% (announces proposed $200 mln convertible Senior notes offering due 2023), RL -0.7% (still checking), HTS -0.2% (declares Q4 dividend of $0.50 per share; previous quarter's dividend was $0.55 per share), NOK -0.7% (Nokia may pay $487 mln to India to transfer factory to Microsoft (MSFT), according to reports), .
Analyst comments: TEN -0.7% (Tenneco downgraded to Outperform at RBC Capital Mkts; tgt $66)