Gapping down
In reaction to disappointing earnings/guidance:
- LLNW -16.4%, NFLX -10.5%, URI -5.7%, SAP -5.7%, CCK -5%, PLXS -4.8%, UMPQ -3.8%, MTB -2.6%, AA -2.4%, KMI -2%, TCBI -2%, PPG -1.4%, WBS -1.1%, CCI -0.7%, IBM -0.6%, HON -0.5%
Other news:
- KERN -13.6% (files for 6,699,766 share common Stock offering by holders)
- SENS -13.2% (prices registered underwritten public offering of 22,727,273 shares of its common stock at $1.10 per share and $82 mln aggregate principal amount of 5.25% convertible senior notes due 2025)
- AMRN -7.6% (commences underwritten public offering of $400 mln American Depositary Shares pursuant to a shelf registration)
- FTSV -6.2% (prices offering of 9.375 mln shares of common stock at $8.00 per share)
- EFC -3.2% (prices public offering of 3.5 mln shares of common stock at a price to the public of $17.66 per share)
- W -2.6% (announces retirement of COO James Savarese; appoints Thomas Netzer as successor)
- ROKU -2.6% (following NFLX results)
- NYMT -2.6% (prices offering of 20 mln shares of common stock for gross proceeds of $122.2 mln)
- QCOM -1.2% (fined €242 mln by the EU for engaging in predatory pricing) IQ -1.1% (following NFLX results)
Analyst comments:
- TCBI -2% (downgraded to Hold from Buy at SunTrust)
- MGM -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- USCR -1.7% (downgraded to Hold from Buy at Stifel)
- TTD -1.2% (downgraded to Hold from Buy at SunTrust)
- AMD -1.1% (downgraded to Neutral from Buy at Mizuho)
- APD -0.6% (downgraded to Mkt Perform from Outperform at Bernstein)
- SWKS -0.5% (downgraded to Equal Weight from Overweight at Barclays)