Gapping downIn reaction to disappointing earnings/guidance:
- GME -7%, HMST -3.1%, (reports downside Q4 results and announces proposed settlement of SEC investigation)
- FHN -2.8%, INFY -1.6%, WFC -1.1%, BAC -0.8%
M&A news:
- WPX -0.9% (will acquire assets that are expected to increase its Permian operations; commences underwritten public offering of 42 mln shares of its common stock),
Other news:
- URRE -24.6% (proposes public offering of common stock; actual size or terms of the offering not yet determined)
- SKLN -15.6% (Skyline Medical will hold a conference call on January 19 at 4:30pm ET to provide a business update and a discussion on recent and upcoming milestones; prices public offering of 1,750,000 units at an offering price of $2.25/unit)
- MRNS -11.4% (following late move higher into the close)
- FCEL -2.6% (files for $150 mln mixed securities shelf offering)
- OOMA -2.2% (announces that certain of its stockholders, consisting of entities affiliated with Worldview Technology Partners, intend to offer shares of common stock for sale in an underwritten secondary offering)
- TWO -1.4% (to offer up to $250 mln of convertible senior notes due 2022; issues statement on recent developments, sees year-ending book value per diluted common share of $9.73-9.83 following Q4 market volatility)
Analyst comments:
- DG -1.1% (downgraded to Neutral from Buy at BofA/Merrill)