Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- DMTX -30.6%, UA -24.2%, IDTI -6.5%, RMBS -5.4%, UPS -4%, HOG -3.3%,FBR -3.2%, MA -2.4%, GLBL -2.3%, CNXC -2.1%, CNXC -2.1%
- VLO -1.8%, TMHC -1.5%, (also commences 10 mln common stock offering),S -1.2%, PFE -1%, XRX -0.9%, CR -0.8%
Other news:
- RRTS -28.1% (to restate prior financial statements; call is scheduled for Jan 31 at 8:30am ET to discuss the matters )
- SDRL -16.5% (provides an update to its debt restructuring; has not yet reached an agreement amongst all counterparties)
- TEVA -7.5% (unfavorable Capaxone patent ruling)
- SMLP -5.4% (prices secondary offering or 4 mln common units at $24.00 per unit; owned by Summit Midstream Partners Holdings)
- PULM -3.8% (continued weakness)
- DKS -3.3% (in sympathy with UAA)
- GBX -3% (commences $175 mln debt offering of Senior Convertible Notes due 2024)
- NKE -2% (in sympathy with UAA)
- NRZ -1.9% (prices offering of 49,170,250 shares of common stock at $15.00 per share)
- FL -1.8% (in sympathy with UAA)
- LULU -1.8% (in sympathy with UAA)
- V -1.7% (in sympathy with MA)
- RIGL -1.4% (prices previously announced 20,000,000 share offering at $2.00/share)
- FHB -1.3% (First Hawaiian majority stockholder intends to offer 25 mln shares of the common stock in an underwritten public offering)
- GPRO -1.1% (continued strength, names Charles Prober as Chief Operating Officer)
- ANF -1% (names Will A. Smith as Chief Marketing Officer)
Analyst comments:
- M -1.6% (downgraded to Neutral from Buy at Buckingham Research)
- BCS -1.1% (downgraded to Hold from Buy at Bankhaus Lampe)
- BWLD -0.6% (downgraded to Sell from Underperform at CLSA)