Gapping down
In reaction to disappointing earnings/guidance:
- WFC -5.5%, TRV -1.5%, DAL -1.1%, FRC -0.9%
Other news:
- OSMT -18.1% (prices offering of 5 mln shares of common stock at $6.55 per share)
- VRCA -8% (received Complete Response Letter regarding NDA for VP-102)
- MSB -6.4% (lowers distribution to $0.05 per unit, down from $0.56 per unit)
- MHK -4.7% (discloses receipt of subpoenas)
- VXX -3.1% (trading lower with modest bounce in futures this morning)
Analyst comments:
- SPOT -3.2% (downgraded to Sell from Buy at UBS)
- EVER -3% (downgraded to Underperform from Neutral at BofA Securities)
- CCL -1.4% (downgraded to Sell from Hold at SunTrust; downgraded to Neutral from Outperform at Macquarie)
- RCL -1.1% (downgraded to Sell from Hold at SunTrust; downgraded to Neutral from Outperform at Macquarie)
- NCLH -0.7% (downgraded to Neutral from Outperform at Macquarie)
- ADP -0.5% (initiated with a Sell at Goldman)