Gapping down
In reaction to disappointing earnings/guidance:
- ATI -5.6%, INFY -3.4%
M&A news:
- CVX -4.4% (Anadarko Petroleum (APC) to be acquired by Chevron in a stock and cash transaction valued at $33 bln, or $65/share)
Other news:
- XFOR -27.3% (proposes public offering of common stock and Class A warrants)
- AMRS -20.1% (discloses financial statements' restatement update)
- PHAS -6% (prices underwritten public offering of 3,586,500 shares of its common stock at a price to the public of $12.00 per share)
- MOS -2.8% (idles production at phosphate mine in Brazil)
- NFLX -1.3% (following Disney investor day presentation - increased competition)
- ROST -0.6% (COO Michael O'Sullivan resigns effective immediately to accept a position with another company), .
Analyst comments:
- ATI -5.6% (upgraded to Neutral from Underperform at BofA/Merrill)
- AWI -0.7% (downgraded to In-line from Outperform at Evercore ISI)