Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- VMEM -25.6%, XTLY -3.5%, VNCE -3.2%, CLLS -0.9%, KR -0.8%
M&A news:
- GWPH -5.5% (DailyMail article that downplays this weeks Reuters report of takeover interest)
- WPZ -1% (Enterprise withdraws indication of interest in Williams Cos)
Select metal and mining names showing early weakness:
- AU -0.8%, SLV -0.6%, GDX -0.6%, GG -0.5%, ABX -0.5%
Other news:
- BAS -6.7% (after closing near highs - up 85% on the day)
- RESN -6.1% (to sell shares of its common stock in an underwritten public offering)
- NEP -6% (announces agreement to acquire indirect 24% interest in Desert Sunlight Investment Holdings, announces offering of common units)
- KNDI -3.9% (attributed to cautious blog mention)
- WMB -3.2% (Enterprise withdraws indication of interest in Williams Cos; Williams Cos will consolidate the number of Operating Areas within the co from five to three by early 2017, provides biz highlights)
- ETRM -2.8% (ticking lower, sends notice of special meeting to stockholders to seek approval for a reverse stock splitat a ratio of between 1-for-10 and 1-for 20)
- ESTE -2.3% (files for 12,081,740 share common stock offering by selling shareholders)
- TRU -2.1% (prices offering of 16 mln shares of common stock), SUI -1.8% (commences underwritten public offering of 3.25 mln shares of its common stock)
- SUI -1.8% (prices previously announced underwritten public offering of 3,250,000 shares of its common stock)
- EVH -1.7% (upsizes and prices offering of 7.5 mln shares of common stock)
- TWTR -1.3% (continued weakness)
Analyst comments:
- BOOT -4.9% (downgraded to Neutral at B. Riley & Co)
- STO -2.7% (downgraded to Underweight at Morgan Stanley)
- SDLP -2.6% (downgraded to Underperform at Wells Fargo)
- NVO -2.3% (downgraded to Neutral at JP Morgan)
- TTM -1.6% (downgraded to Mkt Perform at Bernstein)
- JPM -0.6% (downgraded to Neutral from Outperform at Macquarie)