Gapping down
In reaction to disappointing earnings/guidance: FOSL -10.5%, FRPT -8.9%, CLDN -6.3%, BABA -5.4%, CDTX -4.7%, CREE -3%, M -3%, VIAV -2.6%, (i appoints Richard Belluzzo as interim President and CEO, effective immediately), T -1.7%, MYGN -1.1%, TAHO -1.1%, CYBR -0.7%, FTAI -0.7%
Select China related names showing weakness: HSBC -3.4%, BITA -2.8%, JMEI -2.6%, BIDU -2.5%, CTRP -2.5%, CMCM -2.2%, JD -1.9%
Select metals stocks trading lower: MT -2.5%, X -2.5%, BHP -2.4%, FCX -2.3%
Other news: APP -14.2% (disclosed it does not currently expect that it will have sufficient financing commitments to meet funding requirements for the next twelve months without raising additional capital and/or entering into some other financing transaction or agreement), INCR -6.7% (priced secondary offering of 8 mln shares of its Class A common stock by on behalf of selling shareholders; actual price not disclosed), CLDN -6.3% (co disclosed it received a subpoena from the US Department of Justice related to trading the co's common stock; co also reported earnings), CYRN -5% (upsized underwritten public offering of 6,666,666 common shares at $1.65/share), YHOO -3.5% (in symp with BABA (earnings)), ECR -2.2% (filed for $500 mln mixed securities shelf offering), AXTA -1.7% (prices secondary offering of 30,000,000 of its common shares at $29.75 per share), GE -0.8% (General Electric announces it will Sell its Healthcare Financial Services U.S. Lending Business to Capital One (COF) for ~$9 billion; expected closure in 4Q15), LNG -0.7% (entered into a sales agreement for the delivery of 100 mln MMBtus of natural gas, with Electricite de France (ECIFY), agreement extends through 2018), EZPW -0.7% (filed to delay Form 10-Q filing)
Analyst comments: LGCY -0.9% (downgraded to Underperform from Perform at Oppenheimer
)
In reaction to disappointing earnings/guidance: FOSL -10.5%, FRPT -8.9%, CLDN -6.3%, BABA -5.4%, CDTX -4.7%, CREE -3%, M -3%, VIAV -2.6%, (i appoints Richard Belluzzo as interim President and CEO, effective immediately), T -1.7%, MYGN -1.1%, TAHO -1.1%, CYBR -0.7%, FTAI -0.7%
Select China related names showing weakness: HSBC -3.4%, BITA -2.8%, JMEI -2.6%, BIDU -2.5%, CTRP -2.5%, CMCM -2.2%, JD -1.9%
Select metals stocks trading lower: MT -2.5%, X -2.5%, BHP -2.4%, FCX -2.3%
Other news: APP -14.2% (disclosed it does not currently expect that it will have sufficient financing commitments to meet funding requirements for the next twelve months without raising additional capital and/or entering into some other financing transaction or agreement), INCR -6.7% (priced secondary offering of 8 mln shares of its Class A common stock by on behalf of selling shareholders; actual price not disclosed), CLDN -6.3% (co disclosed it received a subpoena from the US Department of Justice related to trading the co's common stock; co also reported earnings), CYRN -5% (upsized underwritten public offering of 6,666,666 common shares at $1.65/share), YHOO -3.5% (in symp with BABA (earnings)), ECR -2.2% (filed for $500 mln mixed securities shelf offering), AXTA -1.7% (prices secondary offering of 30,000,000 of its common shares at $29.75 per share), GE -0.8% (General Electric announces it will Sell its Healthcare Financial Services U.S. Lending Business to Capital One (COF) for ~$9 billion; expected closure in 4Q15), LNG -0.7% (entered into a sales agreement for the delivery of 100 mln MMBtus of natural gas, with Electricite de France (ECIFY), agreement extends through 2018), EZPW -0.7% (filed to delay Form 10-Q filing)
Analyst comments: LGCY -0.9% (downgraded to Underperform from Perform at Oppenheimer
)