Gapping down
In reaction to disappointing earnings/guidance: RSH -14.3%, FRAN -9%, SURG -3.2%, CASY -3%.
M&A news: EGBN -0.8% (Eagle Bancorp and Virginia Heritage Bank announce merger agreement).
Select EU financial related names showing weakness: NBG -2.2%, SAN -1.3%, BBVA -1.2%, ING -1.1%, DB -0.9%, HSBC -0.5%.
Other news: DNDN -5.6% (CEO steps down for personal reasons), ROYT -5.5% (announced secondary offering of ~2.654 mln trust units by selling unitholders), BAS -4.5% (announced secondary public offering of 6 mln shares of common stock by DLJ Merchant Banking Partners III and related funds), VRNT -4.5% (announced proposed concurrent underwritten public offerings of 5 mln shares of common stock and $300 mln of convertible senior notes due 2021), BEAV -3.8% (announced plan to separate into two businesses, aircraft cabin interior equipment & distribution logistics), QIWI -3.2% (filed for offering of ~7.97 mln ADSs, with ~1.99 mln being sold by QIWI, 5.98 mln being sold by selling shareholdes), EBAY -1.5% (announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook's (FB) messaging products), TSLA -0.7% (Auto makers in Pennsylvania do not want TSLA to avoid franchise laws for retail stores, according to reports).
Analyst comments: WEN -2.3% (downgraded at Argus), COUP -1.7% (downgraded to Sell from Neutral at Goldman), LVS -1.6% (downgraded to Neutral from Buy at UBS), TSN -1.1% (downgraded to Underperform from Neutral at Credit Suisse)
In reaction to disappointing earnings/guidance: RSH -14.3%, FRAN -9%, SURG -3.2%, CASY -3%.
M&A news: EGBN -0.8% (Eagle Bancorp and Virginia Heritage Bank announce merger agreement).
Select EU financial related names showing weakness: NBG -2.2%, SAN -1.3%, BBVA -1.2%, ING -1.1%, DB -0.9%, HSBC -0.5%.
Other news: DNDN -5.6% (CEO steps down for personal reasons), ROYT -5.5% (announced secondary offering of ~2.654 mln trust units by selling unitholders), BAS -4.5% (announced secondary public offering of 6 mln shares of common stock by DLJ Merchant Banking Partners III and related funds), VRNT -4.5% (announced proposed concurrent underwritten public offerings of 5 mln shares of common stock and $300 mln of convertible senior notes due 2021), BEAV -3.8% (announced plan to separate into two businesses, aircraft cabin interior equipment & distribution logistics), QIWI -3.2% (filed for offering of ~7.97 mln ADSs, with ~1.99 mln being sold by QIWI, 5.98 mln being sold by selling shareholdes), EBAY -1.5% (announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook's (FB) messaging products), TSLA -0.7% (Auto makers in Pennsylvania do not want TSLA to avoid franchise laws for retail stores, according to reports).
Analyst comments: WEN -2.3% (downgraded at Argus), COUP -1.7% (downgraded to Sell from Neutral at Goldman), LVS -1.6% (downgraded to Neutral from Buy at UBS), TSN -1.1% (downgraded to Underperform from Neutral at Credit Suisse)