Gapping down
In reaction to disappointing earnings/guidance: TRMR -42.2%, (also downgraded to Hold from Buy at Jefferies) NES -27.4%, NTWK -25%, MCZ -16.1%, AVG -14%, UNXL -12.7%, AREX -8.2%, SYNM -7.7%, MFLX -7.7%, PODD -7.6%, FXEN -6.8%, RNDY -6.6%, SFM -4.9%, SWIR -4.8%, TEU -4.7%, ELON -4.1%, PXLW -4.1%, NSU -2.6%, MNST -2.4%, DIS -1.7%, TEP -1.3%, AUQ -1.2%, ALJ -1.1%, OCLR -1%.
Select names showing weakness following public offerings: DRRX -20.1% (announces public offering of common stock, size not disclosed), WYN -5.4% (completed $300 mln term securitization), SLCA -5.3% (announces 10.5 mln share offering by selling stockholder), SFM -4.9% (files for 22.5 mln share common stock offering by selling shareholders), CST -2.6% (priced public offering of 13,112,564 shares by selling stockholder at $31 per share).
Other news: ACPW -5.1% (discloses it will restate its quarterly interim financial statements for first and second quarters of FY13 ), TSLA -2.5% (reports that US regulators may need to examine TSLA amid fires), STO -2.1% (ENI (E) demands $10.1 bln from STO for overcharging for natural gas), ARIA -1.7% (announces reduction in U.S. workforce as part of broad program to reduce operating expenses; ~ 40% of U.S. workforce, or 160 positions, to be impacted).
Analyst comments: AREX -8.2% (downgraded to Neutral from Buy at Goldman), TS -1.7% (downgraded to Reduce from Neutral t Natixis Bleichroeder), UAL -1.3% (downgraded to Underweight from Equal Weight at Barclays), ACM -1.3% (downgraded to Neutral at Robert W. Baird, downgraded to Neutral from Buy at UBS), TWTR -0.8% (initiated with Sell at Hudson Square), DE -0.7% (downgraded to Neutral from Buy at BofA/Merrill).