Gapping down
Gapping down In reaction to disappointing earnings/guidance: OPWR -19.2%, ACUR -9.1%, BALT -8.1%, TEDU -6.8%, CMLS -6.5%, CZR -5.6%, NBR -3.7%, NMFC -3.3%, HTGC -3.2%, CODI -2.6%, TPH -2.3%, GWRE -2.2%, BCS -2.2%, CKEC -1.9%, MLHR -1.7%, (also announces Greg Bylsma named Chief Operating Officer, Herman Miller N. Am.; Jeff Stutz promoted to CFO), SN -1.6%, MYL -1.5%, EVDY -1.2%, PANW -0.9%, KATE -0.7%
M&A news: PRIM -13.6% (acquires Otter Tail Corporation (OTTR) subsidiary Aevenia in transaction valued at ~$23 mln; also reported earnings)
Other news: PLUG -6.1% (files to delay its 10-K), SLW -4.3% (announces it has entered into an agreement with a syndicate of underwriters led by Scotiabank; whereby they will purchase 38,930,000 common shares of Silver Wheaton at a price of $20.55/share), AKRX -4.1% (announces filing extension for Form 10-K for YE 2014 ), LUX -3.9% (following earnings released AMC in Europe yday), OAK -3.4% (announces a public offering of 4,000,000 Class A units), NRF -2.8% (announces pricing of public offering of common stock with a forward component at $18.65/sharek), XOMA -2.4% (entered into a Loan and Security Agreement with Hercules Technology Growth Capital (HTGC) under which it borrowed $20 mln), RDS.A -2.2% (Announces Scrip Dividend Program in 2015)
Analyst comments: MNKD -8.1% (downgraded to Sell from Neutral at Goldman), AKS -3.2% (downgraded to Neutral from Buy at Nomura), MU -2.6% (downgraded to Neutral from Buy at Nomura), X -2.2% (downgraded to Neutral from Buy at Nomura), SYT -1.9% (downgraded to Underperform at Exane BNP Paribas), PVH -1.6% (downgraded to Neutral at Goldman -- Removed from Conviction Buy List), OPK -1.5% (downgraded to Perform from Outperform at Oppenheimer), ESV -1.3% (downgraded to Hold from Buy at Societe Generale), AXP -0.7% (downgraded to Underperform from Neutral at Macquarie)