Gapping down
In reaction to disappointing earnings/guidance: GIGA -14.6%, WAG -2.3%, .
M&A news: SYT -2.6% (pull back from yesterday's strength, after reports of declining offer from Monsanto (MON)), SHPG -1.7% (to hire Goldman Sachs (GS) as adviser as Abbvie (ABBV) attempts to bid for company, according to reports).
Select EU financial related names showing weakness: LYG -1.2%, RBS -1.2%, ING -1.1%, UBS -0.8%, CS -0.8%.
Other news: OHRP -7.9% (announces interim top-line clinical results from Phase II Study of Squalamine eye drops in patients with Wet AMD), KNOP -7.2% (announced public offering of 4.6 mln common units; announced the entry into acquisition agreements for the purchase of the Hilda Knutsen and Torill Knutsen; management recommended $0.035 increase to quarterly cash distribution),LORL -5.7% (has rejected $80/share offer from Ontario Teachers Pension Plan & Telesat shareholder, according to reports), BRX -2.5% (announced secondary offering Of 25 mln shares of common stock by selling shareholder), PANW -2.1% (announced proposed $500 mln offering of convertible senior notes due 2019), MELI -1.6% (intends to offer $300 mln of convertible senior notes), FANG-1.5% (announced the launch of an underwritten public offering of 2,000,000 shares of its common stock by certain selling stockholders; the shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy), VNCE -1.2% (announced launch of secondary public offering of ~3.55 mln shares of common stock by selling stockholders), DF -0.9% (reports that authorities have subpoenaed the company in insider trading investigation involving Carl Icahn), PRTA -0.9% (announced proposed offering of $100 mln of ordinary shares), RAD -0.8% (in sympathy with WAG).
Analyst comments: WWWW -6.1% (downgraded to Neutral from Buy at B. Riley), CTRP -5.2% (downgraded to Hold at Stifel), NNN -3.2% (downgraded to Neutral from Buy at BofA/Merrill), COG -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), PETM -1.2% (initiated with a Underweight at Morgan Stanley), HIMX -1% (target lowered to $5 at Chardan Capital Markets),TGT -0.7% (initiated with a Underweight at Morgan Stanley), NFX -0.6% (downgraded to Hold from Accumulate at KLR Group), BBBY -0.5% (initiated with a Underweight at Morgan Stanley)
In reaction to disappointing earnings/guidance: GIGA -14.6%, WAG -2.3%, .
M&A news: SYT -2.6% (pull back from yesterday's strength, after reports of declining offer from Monsanto (MON)), SHPG -1.7% (to hire Goldman Sachs (GS) as adviser as Abbvie (ABBV) attempts to bid for company, according to reports).
Select EU financial related names showing weakness: LYG -1.2%, RBS -1.2%, ING -1.1%, UBS -0.8%, CS -0.8%.
Other news: OHRP -7.9% (announces interim top-line clinical results from Phase II Study of Squalamine eye drops in patients with Wet AMD), KNOP -7.2% (announced public offering of 4.6 mln common units; announced the entry into acquisition agreements for the purchase of the Hilda Knutsen and Torill Knutsen; management recommended $0.035 increase to quarterly cash distribution),LORL -5.7% (has rejected $80/share offer from Ontario Teachers Pension Plan & Telesat shareholder, according to reports), BRX -2.5% (announced secondary offering Of 25 mln shares of common stock by selling shareholder), PANW -2.1% (announced proposed $500 mln offering of convertible senior notes due 2019), MELI -1.6% (intends to offer $300 mln of convertible senior notes), FANG-1.5% (announced the launch of an underwritten public offering of 2,000,000 shares of its common stock by certain selling stockholders; the shares to be sold in the offering will be sold by certain entities controlled by Wexford Capital LP and by Gulfport Energy), VNCE -1.2% (announced launch of secondary public offering of ~3.55 mln shares of common stock by selling stockholders), DF -0.9% (reports that authorities have subpoenaed the company in insider trading investigation involving Carl Icahn), PRTA -0.9% (announced proposed offering of $100 mln of ordinary shares), RAD -0.8% (in sympathy with WAG).
Analyst comments: WWWW -6.1% (downgraded to Neutral from Buy at B. Riley), CTRP -5.2% (downgraded to Hold at Stifel), NNN -3.2% (downgraded to Neutral from Buy at BofA/Merrill), COG -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), PETM -1.2% (initiated with a Underweight at Morgan Stanley), HIMX -1% (target lowered to $5 at Chardan Capital Markets),TGT -0.7% (initiated with a Underweight at Morgan Stanley), NFX -0.6% (downgraded to Hold from Accumulate at KLR Group), BBBY -0.5% (initiated with a Underweight at Morgan Stanley)