Gapping down
In reaction to disappointing earnings/guidance: PRGS -9.7%, (also appoints Kurt Abkemeier as CFO succeeding Chris Perkins; initiates quarterly dividend)
Select India related names showing weakness following amid geo-political concerns: IBN -4.7%, TTM -2.6%, INFY -1%
Select metals/mining stocks trading lower: GFI -3%, MT -2.1%, HMY -2%, CLF -1.6%, FCX -0.9%
Other news:
In reaction to disappointing earnings/guidance: PRGS -9.7%, (also appoints Kurt Abkemeier as CFO succeeding Chris Perkins; initiates quarterly dividend)
Select India related names showing weakness following amid geo-political concerns: IBN -4.7%, TTM -2.6%, INFY -1%
Select metals/mining stocks trading lower: GFI -3%, MT -2.1%, HMY -2%, CLF -1.6%, FCX -0.9%
Other news:
- ITCI -63.3% (announces top-line results from the second Phase 3 Trial of ITI-007 in patients with Schizophrenia)
- ADHD -63.2% (receives notice of clinical hold from FDA for co's MDX Phase III MEASURE study)
- ATNM -20% (prices 8 mln common stock offering at $1.25/share)
- CHK -4.6% (confirmed it received DOJ, USPS and state subpoenas seeking info on royalty payment practices)
- MSON -4.5% (thinly traded - notified SEC/DoJ that it may have had knowledge of certain business practices of independent Chinese entity that distributes its products, which practices raise questions under FCPA)
- NSPR -3.7% (announces a 1-for-25 reverse split of its common stock)
- ALNY -2.2% (presents clinical and non-clinical data demonstrating continued rnai platform optimization and leadership in the development of RNA-based therapeutics at 12th annual meeting of the Oligonucleotide Therapeutics Society)
- RIG -1.8% (Carl Icahn lowers active stake to 1.5%)
- DTE -1.2% (announces 12 mln equity units offering)
- NVO -1.2% (to reduce work force by 1000 jobs )
Analyst comments:
- FIT -5.3% (downgraded to Underweight from Sector Weight at Pacific Crest)
- RIC -1.6% (downgraded to Underperform from Market Perform at BMO Capital)
- AAPL -0.6% (removed from Top Pick status at Barclays)