Gapping down
In reaction to disappointing earnings/guidance: TISI -7.3%, LNN -6%, VMI -4.8%, GIS -2.5%, APOG -2.3%.
Select oil/gas related names showing early weakness: VLO -3.1%, HFC -3.1%, SDRL -3%, MPC -2.9%, PSX -2.2%, TSO -1.8%, STO -1.7%, WNR -1.5%.
Other news: NURO -15.2% (announced $8 mln preferred stock placement), ATNM -12% (announces proposed public offering of common shares), CVRR -6.6% (announced launch of public offering of 6 mln common units representing limited partner interests), FIO -2.6% (cont M&A speculation), ESI -2.4% (co disclosed it will need to restate certain unaudited financial statements due to decision to consolidate the financial results of the PEAKS Trust), GLNG -1.8% (files mixed securities shelf offering; announced the commencement of registered offering of 11,000,000 shares of common stock), GLNG -1.8% (announced commencement of registered offering of 11,000,000 shares of common stock), GLNG -1.8% (prices 11 mln shares of common stock at $54 per share), CCL -1% (cont weakness after yesterday's earnings release).
Analyst comments: SDRL -3% (downgraded to Sell from Hold at Danske Bank), IMGN -2.1% (initiated with a Underweight at Morgan Stanley), PBR -1.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley), HOG -1.5% (downgraded to Hold from Buy at KeyBanc Capital Mkts), COH -1.4% (downgraded to Underperform from Neutral at BofA/Merrill), CTRP -0.9% (downgraded to Outperform from Strong Buy at Raymond James).