Gapping down
In reaction to disappointing earnings/guidance:
- SNBR -14.2%, TEAM -9.2%, PLXS -5.9%, LLNW -4.8%, CHKP -4.3%, GTLS -3.4%, AA -3.1%, TSM -1.3%, RCI -1.3%, GOLD -0.8%, DHR -0.7%, AXP -0.7%, KEY -0.5%
M&A news:
- ANGO -8.5% (to sell NAMIC fluid management business to Medline Industries for $167.5 mln )
Other news:
- EIGR -13.9% (prices underwritten public offering of 4,500,000 shares of its common stock at a price to the public of $11.00 per share)
- NOW -1.4% (following TEAM earnings)
- GPOR -1.3% (reports Q1 net production averaged 1,263.6 MMcfe per day)
- ZEN -1% (following TEAM earnings)
- TRVN -0.7% (entered into $50 mln common stock sales agreement with H.C. Wainwright for "at the market" offerings)
- DAVA -0.5% (prices offering of 5 mln ADSs at $27.25 per shae)
Analyst comments:
- JBHT -2.8% (downgraded to Sell from Buy at Deutsche Bank)
- SRCL -2.8% (downgraded to Underperform from Neutral at Robert W. Baird)
- CF -2.2% (downgraded to Underperform from Buy at BofA/Merrill)
- BCS -1.4% (downgraded to Neutral from Buy at BofA/Merrill)
- LYG -1.4% (downgraded to Underperform from Buy at BofA/Merrill)
- MS -1% (downgraded to Neutral from Buy at Citigroup)