Gapping down
In reaction to disappointing earnings/guidance: HTCH -19.4%, ESIO -19% (ticking lower; also downgraded to Hold from Buy at Needham ), BODY -17.8%, ELLI -17.6% (also announced that it has signed a definitive agreement to acquire MortgageCEO), OPLK -7.9%, (light volume), RBS -6.6%, AIG -4.7% (also AIG downgraded to Hold from Buy at Drexel Hamilton ), SSNC -4.5% (light volume), FLR -3.3%, PNY -1.2%, (light volume), AXL -1%, (light volume), CBOE -0.4%, (light volume), KOG -0.2%.
Select financial related names showing weakness: IRE -2.5%, AEG -2%, BCS -1.8%, SAN -1.1%, DB -1.1%, CS -0.9%, HBC -0.4%.
Select metals/mining stocks trading lower: ABX -4.6% (confirms plan to reduce debt launches $3.0 bln public equity offering), GFI -2.2%, IAG -2%, GG -1.3%, GDX -1.1%, RIO -0.8%, GLD -0.6%, SLV -0.2%.
A few oil/gas related names showing modest weakness: PBR -1.4%, TOT -1.1%, E -1.1%.
A few European drug names are lower: SNY -0.9% (ticking lower), GSK -0.9%, AZN -0.7%
Other news: APAM -5.5% ( prices 4.8 mln shares of common stock at $56.00), ARNA -4.1% (partner Eisai reported earnings/update), TOWR -3.4% (announces offering of ~2.58 mln shares of common stock by Tower International Holdings), CNHI -2.8% (still checking), RYAAY -2.4% (still checking), WDC -2.3% (prices secondary offering of 10,869,566 shares of common stock by selling share holder Hitachi at $67.00 per share), BUD -1.4% (reported earnings yesterday), PEB -1.3% (announces public offering of 2,200,000 common shares), UN -1.3% (still checking), LYB -0.8% (announces offering of 15 million ordinary shares by selling shareholders) .
Analyst comments: VRTX -2.2% (downgraded to Market Perform at Bernstein), SNE -1.4% (downgraded to Hold from Buy at Jefferies), PETM -0.9% (downgraded to Neutral from Buy at BofA), OCN -0.4% (downgraded to Market Perform from Outperform at Wells Fargo), WTW -0.2% (downgraded to Equal Weight from Overweight at Barclays)