Gapping down
In reaction to disappointing earnings/guidance: RCII -16.2%, CHEF -12.1%, TTS -10.3% (also downgraded to Neutral at Robert W. Baird; tgt lowered to $13), AAPL -7.7%, (also downgraded to Outperform from Strong Buy at Raymond James, downgraded to Perform from Outperform at Oppenheimer ), OLN -6.1% (light volume), PII -5.8%, (light volume), STX -5.7%, ZION -4.8%, PACR -3.6%, PHG -2%, STLD -1.7%, GLW -1.5%, RMBS -0.8%, X -0.6% (also reports indicate co won Supreme Court case against group of unionized steel workers).
AAPL/tech names under pressure:CRUS -7.2%, TQNT -3.4%, SWKS -2.6%, ARMH -2.5%, BRCM -2.3%, GTAT -1.8%, QCOM -1.6%, CHL -1%,
A few oil/gas names trading lower: SDRL -3.2%, NBL -1.6%, RIG -1.1%, RDS.A -0.6%
Other news: ATAX -7.9% (announces public offering of 7 mln shares representing assigned limited partnership interests of the Company), EROC -6.5% (announces operating and financial performance in Q4 was impacted by severe weather in both its midstream and upstream business), CSTM -5.1% (files for 37,561,475 share common stock offering by selling shareholders ), ESI -3.1% (received subpoenas and/or civil investigative demands), NBG -2.4% (still checking), ASTM -2% (enters into $15 mln equity commitment with Lincoln Park Capital), AAN -1.9% (following RCII results), CNC -1.7% (announces public offering of 800k shares by selling stockholder), WDC -1.3% and SNDK -0.6% (following STX results), SMTC -0.5% (announces restructuring activity: to reduce workforce by ~6%), INTC -0.3% (may be questioning future of its smartphone business, according to reports).
Analyst comments: BCRX -3.7% (downgraded to Underperform from Neutral at BofA/Merrill), PENN -2% (downgraded to Underperform from Buy at BofA/Merrill ), SYNA -0.4% (downgraded to Perform from Outperform at Oppenheimer)