Gapping down
In reaction to disappointing earnings/guidance: SONS -32.4%, CCM -19%, JRJC -18.4%, IDN -7.2%
M&A news: WLL -19% (Co announced it is not however pursuing any significant strategic transaction at this time; offering of 35 mln shares of common stock; also anounces private offerings of $1 bln of convertible senior notes due 2020 and $750 mln of senior notes due 2023)
Other news: RICE -14.5% (co announced pricing of $400 mln of 7.25% senior notes due 2023 at 99.233%, for a yield to maturity of 7.375%), OCN -6.3% (announces notice of noncompliance with NYSE continued listing standards; also announces intention to sell additional $25 bln portfolio of mortgage servicing rights to Nationstar (NSM)), GLP -5.8% (announced that the owners of AE Holdings Corp. are selling 1,956,234 common units in an underwritten secondary public offering), LQ -3.9% (announced a secondary offering of 17.5 mln shares of common stock, by selling stockholders affiliated with The Blackstone Group), SAAS -3.3% (announced intention to offer $100 mln of Convertible Senior Notes due 2022), GLOB -3.3% (announced that certain of its shareholders have commenced a secondary public offering of 2,906,266 common shares), HTGC -3% (announced that it is offering 6.6 mln shares of common stock pursuant to an effective shelf registration statement in an underwritten public offering), TTM -2.6% (related to Econ Times report discussing the move ahead of Board mtg and determination of rights offering terms), DPLO -2.3% (announced that it has commenced its follow-on public offering of 7.4 mln shares of its common stock; 3.0 mln shares will be sold by selling shareholders), KW -2.3% (announced plans to sell 7.5 mln shares of its common stock; discloses business update pertaining to certain activities), CHSP -2.2% (upsizes and prices 4,000,000 common shares; price not disclosed), FCX -2% (cuts quarterly dividend to $0.05/share from previous $0.3125/share)
Analyst comments: CENX -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), ZAGG -1.5% (downgraded to Hold from Buy at Craig Hallum), P -0.8% (cautious commentary at FBR Capital)
In reaction to disappointing earnings/guidance: SONS -32.4%, CCM -19%, JRJC -18.4%, IDN -7.2%
M&A news: WLL -19% (Co announced it is not however pursuing any significant strategic transaction at this time; offering of 35 mln shares of common stock; also anounces private offerings of $1 bln of convertible senior notes due 2020 and $750 mln of senior notes due 2023)
Other news: RICE -14.5% (co announced pricing of $400 mln of 7.25% senior notes due 2023 at 99.233%, for a yield to maturity of 7.375%), OCN -6.3% (announces notice of noncompliance with NYSE continued listing standards; also announces intention to sell additional $25 bln portfolio of mortgage servicing rights to Nationstar (NSM)), GLP -5.8% (announced that the owners of AE Holdings Corp. are selling 1,956,234 common units in an underwritten secondary public offering), LQ -3.9% (announced a secondary offering of 17.5 mln shares of common stock, by selling stockholders affiliated with The Blackstone Group), SAAS -3.3% (announced intention to offer $100 mln of Convertible Senior Notes due 2022), GLOB -3.3% (announced that certain of its shareholders have commenced a secondary public offering of 2,906,266 common shares), HTGC -3% (announced that it is offering 6.6 mln shares of common stock pursuant to an effective shelf registration statement in an underwritten public offering), TTM -2.6% (related to Econ Times report discussing the move ahead of Board mtg and determination of rights offering terms), DPLO -2.3% (announced that it has commenced its follow-on public offering of 7.4 mln shares of its common stock; 3.0 mln shares will be sold by selling shareholders), KW -2.3% (announced plans to sell 7.5 mln shares of its common stock; discloses business update pertaining to certain activities), CHSP -2.2% (upsizes and prices 4,000,000 common shares; price not disclosed), FCX -2% (cuts quarterly dividend to $0.05/share from previous $0.3125/share)
Analyst comments: CENX -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley), ZAGG -1.5% (downgraded to Hold from Buy at Craig Hallum), P -0.8% (cautious commentary at FBR Capital)