Gapping down
In reaction to disappointing earnings/guidance: NVTL -21.8%, ALSK -17.6%, BAXS -15.5%, VMEM -12.4%, PRGS -11.7%, ALOG -11.2%, APP -8.5%, BNFT -7.9%, TNDM -6.7%, QTWW -6.4%, WTI -5.2%, GPS -4.3%, AMBA -3.9%, FRM -3.8%, HYGS -3.3%, PSMT -2.3%, HRB -1.8%, TGD -1.3%, IDT -1.2%, LGP -1.1%, VNET -0.5%.
M&A news: SWY -2.3% (co and Albertsons announced definitive merger agreement; Safeway shareholders expected to receive total value estimated at $40 per share).
Select metals/mining stocks trading lower: GOLD -1.5%, VALE -1.5%, RIO -1.5%, FCX -0.7%, SLV -0.3%, BHP -0.2%
Select names trading lower following offerings: FEYE -6.9% (prices follow-on public offering of 14 mln shares of common stock at $82.00 per share by co and selling shareholders), LEI -4.3% (commenced public offering of 10 mln shares of its common stock held by the selling stockholders), APAM -1.6% (prices 8,073,337 shares of Class A common stock at $62.00 per share).
Other news: NLNK -12.1% (independent review committee recommends study continuation without modification after completion of first interim analysis of IMPRESS Phase 3 pancreatic cancer trial with algenpantucel-L), CKP -3.9% (announced delay in earnings release and conference call for Q4 and FY13), CDW -1.9% (announced it received a noncompliance notice from NYSE MKT; co also provided downside FY14 rev guidance), ZBB(E) -1.4% (announced NYSE MKT extended the co's compliance plan period to May 30, 2014), EAT -1.1% (announced Guy Constant has resigned as Executive Vice President, Chief Financial Officer and President of Global Business Development) .
Analyst comments: VMEM -12.4% (downgraded to Underperform from Buy at BofA/Merrill), ANR -4.2% (downgraded to Sell from Neutral at Goldman), HMHC -3.4% (downgraded to Neutral from Buy at Goldman; removed from America's Buy list, downgraded to Hold at Stifel), KIN -2.4% (downgraded to Neutral from Buy at ROTH Capital), ALU -1.4% (downgraded to Sell from Hold at Berenberg), MTGE -1.1% (downgraded to Hold from Buy at Deutsche Bank), CYS -1.1% (downgraded to Hold from Buy at Deutsche Bank), HUM -0.7% (downgraded to Hold from Buy at Jefferies).