Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- SIMO -7.2%, PII -5.8%, PHG -3.5%, VZ -2.7%, LMT -1.9%, JNJ -1.7%, BRKR -0.6%, FBC -0.5%
Select metals/mining stocks trading lower:
- GFI -1.4%, GOLD -1.4%, IGLD -0.9%, HMY -0.8%, SLW -0.8%, ABX -0.6%
Other news:
- BT -19.4% (provides update on investigation on Italian business; raises adjustments following review; lowers Group outlook for H2)
- BIOA -15.4% (increases the size of previously announced offering of common stock and warrants by 75% for aggregate gross proceeds of $17.5 mln)
- GLOP -9.3% (commences public offering of 3.75 mln common units)
- GLOP -9.3% (prices 3.75 mln common units offering at $20.50/unit)
- PLG -9.2% (announces $25 million bought deal financing)
- OCUL -7.9% (commences registered underwritten public offering of $25 mln of shares of its common stock)
- STRP -4.8% (files shelf registration statement on Form S-3 with the SEC, may from time to time issue up to an aggregate 1.25 mln shares of its Class B common stock)
- FSM -3.6% (prices about a 10 mln share bought deal financing at $6.30/share for proceeds of about $65 mln )
- CASC -2.7% (to offer and sell shares of its common stock and Series E convertible preferred stock in concurrent but separate underwritten public offerings; Mark Lampert resigns from the Board as a result of his disagreement with decisions made by the Board related to the recently announced public offering)
- DRYS -1.9% (following 30%+ move lower)
- PNFP -1.6% (prices 2.8 mln shares of common stock at $62.50)
- USFD -1.4% (commences common stock offering of 30 mln shares by selling stockholders), .
Analyst comments:
- WATT -2.6% (downgraded to Perform from Outperform at Oppenheimer)
- AMN -1.5% (downgraded to Mkt Perform from Mkt Outperform at Avondale)
- AAPL -0.6% (downgraded to Equal Weight from Overweight at Barclays)
- HUM -0.5% (downgraded to Hold from Buy at Stifel)