Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- VDSI -19.2%, (offers light prelim Q3 results, lowers FY16 guidance), CREE -11.5%, VIVO -11.5%, (sees FY16 and FY17 EPS and revenue below consensus), MANH -8%
- ACHC -7.1%, (signs definitive agreement for sale of U.K. facilities in fulfillment of previously announced undertakings to the CMA; issues downside Q3 prelim results)
- INTC -4.6%, UFPI -3.6%, ISRG -1.6%, RAI -0.6%, IBKR -0.5%, HA -0.5%
M&A news:
- RAD -4.8% (NY Post discusses that Kroger (KR) might push away from deal to purchase stores from Walgreens (WBA) and Rite Aid (RAD) in order for them to complete merger)
Select semi-conductor names showing weakness following NVDA and CREE earnings:
- MU -0.9%, AMD -0.6%, QCOM -0.5%, TXN -0.5%
Other news:
- IMPV -18.8% (seeing headlines that the company's sales process may have stalled over disagreements on price)
- MNTR -13.2% (after 60% move higher on Tuesday)
- SNSS -6.9% ( intends to offer and sell shares of its common stock and Series C Convertible Preferred Stock in underwritten public offerings)
- PBYI -4.7% (commences underwritten public offering of $150 mln of shares of its common stock)
- NKTR -3.6% (prices offering of 13 mln shares of common stock at $13.50 per share)
- ASND -3.3% (announces about a 6.32 mln share underwritten public offering of American Depository Shares priced at $19.00/ADS for net proceeds of about $112 mln), ADI -1.9% (lower with tech names - Linear Tech also released its Q1 results)
- LKSD -1.6% (light volume- announces a strategic agreement that expands its relationship with The United Methodist Publishing House; will provide book fulfillment and distribution services for UMPH)
Analyst comments:
- NCLH -1% (downgraded to Hold from Buy at SunTrust)