Gapping down
In reaction to disappointing earnings/guidance: SOHU -4.7%, NSP -3.2%.
M&A news: SCTY -6.4% (confirms definitive merger agreement with Tesla (TSLA), agrees to be acquired for $25.37/share in stock), RIG -4.7% (RIG to acquire Transocean Partners (RIGP) for 1.1427 shares of RIG stock).
Select European financial related names showing weakness following stress test results: SAN -3.3%, RBS -3.1%, BCS-2.7%, DB -2.2%, HSBC -1.4%.
Other news: ADMA -42.7% ( receives Complete Response Letter from FDA for pending Biologics License Application), KERX-30% (withdrawal of guidance on supply interruption of Auryxia tablets; also reported earnings ), TKAI -12.7% (to reduce workforce by ~60%), GRPN -2.5% (no news today, pulling back following 30% gain last week) MCRB -2.1% (continued volatility), CNI -0.3% (Canadian Natl Rail discloses that it will repurchase common shares under three specific share repurchase programs ; will form part of the previously announced Normal Course Issuer Bid for up to 33 mln shares ).
Analyst comments: BUD -1.7% (downgraded to Neutral from Positive at Susquehanna).
M&A news: SCTY -6.4% (confirms definitive merger agreement with Tesla (TSLA), agrees to be acquired for $25.37/share in stock), RIG -4.7% (RIG to acquire Transocean Partners (RIGP) for 1.1427 shares of RIG stock).
Select European financial related names showing weakness following stress test results: SAN -3.3%, RBS -3.1%, BCS-2.7%, DB -2.2%, HSBC -1.4%.
Other news: ADMA -42.7% ( receives Complete Response Letter from FDA for pending Biologics License Application), KERX-30% (withdrawal of guidance on supply interruption of Auryxia tablets; also reported earnings ), TKAI -12.7% (to reduce workforce by ~60%), GRPN -2.5% (no news today, pulling back following 30% gain last week) MCRB -2.1% (continued volatility), CNI -0.3% (Canadian Natl Rail discloses that it will repurchase common shares under three specific share repurchase programs ; will form part of the previously announced Normal Course Issuer Bid for up to 33 mln shares ).
Analyst comments: BUD -1.7% (downgraded to Neutral from Positive at Susquehanna).