Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- PSO -28.5%, GIMO -22.2%, CCJ -10.3%, (expects adjusted net earnings for 2016 will be significantly lower than analysts' earnings estimates; announces workforce reductions)
- TGT -3.9%, NTRS -3.3%, CSX -2.9%, IBKR -2.8%, AMTD -0.8%, C -0.5%
M&A news:
- BCEI -4.3% (pulling back following y'day's move; confirms receipt of unsolicited inquiry from Bill Barrett Corporation (BBG) regarding a potential transaction between the two companies),
Select financial related names showing weakness:
- CS -1.9%, BCS -1.7%, RBS -1.6%, ING -1.3%
Other news:
- AFAM -5.8% (proposed underwritten public offering of 2,500,000 shares of its common stock)
- NBIX -4.2% ( announces the top-line results from the Company's Phase II T-Forward study of INGREZZA)
- TRCH -3.9% (files for 6.15 mln share common stock offering by selling shareholders)
- TDOC -3.2% (announced a proposed offering of shares of its common stock, which includes 5,400,000 shares offered by Teladoc and 1,850,000 shares offered by certain stockholders)
- KOPN -2.4% (modestly pulling back from new multi-year high made today; discloses was unable to complete its investigation and has submitted a plan to regain compliance with Nasdaq)
- TTPH -1.9% (entered into a Controlled Equity Offering sales agreement with Cantor to sell up to $40 mln in common stock)
- NSC -1.9% (in sympathy with CSX)
- WMT -1.2% (in sympathy with WMT)
Analyst comments:
- HIMX -3.8% (downgraded to Neutral from Outperform at Credit Suisse)
- KSS -2.1% (downgraded to Underperform from Neutral at Credit Suisse)
- JCP -1.6% (downgraded to Underperform from Neutral at Credit Suisse)
- DIS -0.9% (downgraded to Underperform from Market Perform at BMO Capital)
- XLNX -0.9% (downgraded to Underweight from Equal Weight at Barclays)
- MCD -0.6% (Nomura out cutting Q4 and Q1 US comps ests)