Gapping down
In reaction to disappointing earnings/guidance: LINE -33.7%,
VRX -17.9%,
DCO -7.6%,
MNKD -6.5%, (COO Juergen Martens resigns, Michael Castagna named Chief Commercial Officer, effective immediately ),
ONTY -5.2%,
NAVB -4.3%,
TTEC -4%,
MOMO -3.5%,
FSM -2.6%,
CFRX -1.7%,
JMBA -1.6%,
KANG -1%,
LUK -0.9%, (Jefferies reports challenged Q1 results)
PWR -0.8%, (appoints COO Earl Austin Jr to succeed Jim O'Neil as CEO effective immediately, reaffirms 2016 growth strategy & outlook),
JASO -0.8%
M&A news: PRTY -2.7% (Acquires Festival SA for ~$5 mln)
Select EU financial related names showing weakness: SAN -3.4%,
CS -3.1%,
DB -2.7%,
LYG -2%,
BCS -1.4%,
ING -1.2%,
HSBC -0.9%
Select metals/mining stocks trading lower: BBL -7.1%,
MT -5%,
FCX -4.7%,
AKS -3.7%,
CLF -3.3%,
X -3%,
AA -1.4%
Select oil/gas related names showing early weakness: WLL -6%,
SDRL -4.9%,
PBR -4.6%,
CHK -3.9%,
BP -2.5%,
MRO -2.5%,
RIG -1.4%,
TOT -1.4%
Other news: IMMU -15.1% (To terminate the Phase 3 PANCRIT-1 trial with yttrium-90-labeled clivatuzumab tetraxetan in patients with metastatic pancreatic cancer),
ALR -8.2% (will be unable to file its 2015 Form 10-K within the extension period, discloses receipt of a grand jury subpoena from the DOJ),
TCON -5.4% ( initiates phase 1B study of TRC105 in patients with lung cancer),
NVIV -4.6% (commences an underwritten public offering of common stock for unspecified amount),
CNX -3.9% (Moody's downgrades CONSOL (CNX) to B2 with outlook negative and Moody's downgrades Natural Resource Partners (NRP) to B3 with outlook negative),
CBPX -3% ( announces 4.5 mln share secondary common stock offering by selling shareholders & 900,000 share repurchase),
ZYNE -2.5% (following 150% surge higher Monday),
GLOG -1.7% (files for $600 mln mixed securities shelf offering )
Analyst comments: DDD -8% (downgraded to Underweight from Neutral at JP Morgan),
BHP -6.3% (downgraded to Underperform from Neutral at Macquarie),
RIO -4.8% (downgraded to Equal Weight from Overweight at Morgan Stanley),
HIBB -3.3% (downgraded to Sell from Neutral at Goldman),
AZN -2.3% (downgraded to Hold from Buy at Jefferies),
TIF -1.8% (downgraded to Neutral from Buy at Citigroup)