Gapping down
In reaction to disappointing earnings/guidance: VRX -16.2%, COVS -11.6%, MIK -7.1%, SIGM -7.1%, CASY -2%
M&A news: YHOO -1.5% (Verizon (VZ) bidding ~$3 bln for Yahoo's core internet assets, according to the WSJ)
Select metals/mining stocks trading lower:AG -2.5%, GG -2.1%, NEM -2%, GDX -1.8%, VALE -1.6%, ABX -1.5%, SLV-1.3%, FCX -1.3%, IAG -1.3%, GOLD -1%, .
Other news: DRYS -38.6% (After filing 8k which covered previously released Q1 results and updated details regarding liquidity), ESI -20.9% (ordered by the Department of Education to enhance its finances, according to the WSJ), VBLT -11.1% (announces a 4.36 mln share registered direct offering of ordinary shares to institutional investors priced at $5.50/share), MSTX-10.2% (delays the anticipated timing for announcement of top-line data from its Phase 3 clinical study of vepoloxamer in patients with sickle cell disease), ALXN -9% (announces topline results from Phase 3 REGAIN Study of Eculizumab in patients with refractory generalized myasthenia gravis - REGAIN study missed its primary endpoint), BIIB -8.2% (reports top-line results from the Phase 2 Synergy study evaluating opicinumab missed its primary & secondary endpoints), ENVA -7.8% (announces the completion of a prelim assessment of the proposed rule regarding small-dollar loans issued on June 2nd by the CFPB, estimates rev decline of 30-40% if proposed ruling is adopted), CTLT -6.2% (launches secondary offering of 10 mln common shares by selling shareholders), TRU -3.1% (commences ~15.6 mln common stock offering by selling stockholder),TLLP -2.4% (prices upsized offering of 5,500,000 common units at $47.13 per common unit)
Analyst comments: JBL -3.1% (downgraded to Sell from Neutral at Goldman), DISCA -2.5% (downgraded to Underperform from Mkt Perform at Bernstein), RLYP -1.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), PEG -1.8% (downgraded to Underperform from Neutral at BofA/Merrill), WERN -1.5% (downgraded to Hold from Buy at BB&T Capital Mkts), GDDY -1.1% (downgraded to Neutral from Buy at Citigroup)
In reaction to disappointing earnings/guidance: VRX -16.2%, COVS -11.6%, MIK -7.1%, SIGM -7.1%, CASY -2%
M&A news: YHOO -1.5% (Verizon (VZ) bidding ~$3 bln for Yahoo's core internet assets, according to the WSJ)
Select metals/mining stocks trading lower:AG -2.5%, GG -2.1%, NEM -2%, GDX -1.8%, VALE -1.6%, ABX -1.5%, SLV-1.3%, FCX -1.3%, IAG -1.3%, GOLD -1%, .
Other news: DRYS -38.6% (After filing 8k which covered previously released Q1 results and updated details regarding liquidity), ESI -20.9% (ordered by the Department of Education to enhance its finances, according to the WSJ), VBLT -11.1% (announces a 4.36 mln share registered direct offering of ordinary shares to institutional investors priced at $5.50/share), MSTX-10.2% (delays the anticipated timing for announcement of top-line data from its Phase 3 clinical study of vepoloxamer in patients with sickle cell disease), ALXN -9% (announces topline results from Phase 3 REGAIN Study of Eculizumab in patients with refractory generalized myasthenia gravis - REGAIN study missed its primary endpoint), BIIB -8.2% (reports top-line results from the Phase 2 Synergy study evaluating opicinumab missed its primary & secondary endpoints), ENVA -7.8% (announces the completion of a prelim assessment of the proposed rule regarding small-dollar loans issued on June 2nd by the CFPB, estimates rev decline of 30-40% if proposed ruling is adopted), CTLT -6.2% (launches secondary offering of 10 mln common shares by selling shareholders), TRU -3.1% (commences ~15.6 mln common stock offering by selling stockholder),TLLP -2.4% (prices upsized offering of 5,500,000 common units at $47.13 per common unit)
Analyst comments: JBL -3.1% (downgraded to Sell from Neutral at Goldman), DISCA -2.5% (downgraded to Underperform from Mkt Perform at Bernstein), RLYP -1.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley), PEG -1.8% (downgraded to Underperform from Neutral at BofA/Merrill), WERN -1.5% (downgraded to Hold from Buy at BB&T Capital Mkts), GDDY -1.1% (downgraded to Neutral from Buy at Citigroup)