Gapping down
In reaction to disappointing earnings/guidance: SYNA -7.3%, GPN -6.7% (also downgraded to Hold from Buy at Signal Hill), PKX -4.2%, CIEN -2.5% (also proposed offering of $175 mln in convertible senior notes due 2018), FAST -2.3%.
Select financial related names showing weakness: IRE -1.7%, LYG -1.5%, IBN -1.3%, STD -1.3% (trading ex dividend), DB -1.2% (initiated with Sell at Canaccord Genuity), RDN -1.0%, MTG -0.9%.
Select metals/mining stocks trading lower: GBG -4.0%, EXK -2.6%, SVM -2.2%, AXU -2.1%, NG -1.9%, BBL -1.9%, BHP -1.8%, X -1.3%, EGO -1.0%.
Select oil/gas related names showing weakness: ACGY -4.6%, E -2.3%, STO -2.0%, TOT -1.7%, RDS.A -1.4%, REP -1.3%, BP -1.0%.
Other news: TXIC -17.8% (discloses NASDAQ has determined to reject co's Plan and request for continued listing; unable to provide a timetable by which the investigation will be concluded), COCO -10.0% (announces resignation of President & COO), ARMH -2.8% (still checking), UN -2.7% (weakness attributed to European Commission extending its review of Unilever's acquisition of SLE unit).
Analyst comments: RBCN -2.1% (initiated with a Sell at Sterne Agee), FHN -2.0% (downgraded to Sell at Compass Point), YRCW -1.5% (initiated with a Underperform at Morgan Keegan), WAC -1.5% (downgraded to Neutral from Buy at Sterne Agee), VZ -1.5% (downgraded to Underperform from Market Perform at Bernstein).
Gapping up
In reaction to strong earnings/guidance: VLNC +5.0%, TQNT +3.4%, JCI +3.3% (ticking higher).
M&A news: ACTI +41.6% (confirms it is to be acquired by ASSA ABLOY, parent co of HID Global, for $3.25/share), KG +39.9% (King Pharma to be acquired by Pfizer for $14.25 per share).
Other news: CCME +10.5% (still checking), AVP +8.6% (trading higher on article out overnight that L'Oreal may make offer for the company), MXL +7.0% (announced that its low-power TV tuner ICs have been selected by Hitachi Media Electronics for its line-up of multi-tuner television solution), OMX +6.6% (early strength being attributed to analyst comments saying the co could attract PE interest), SATC +4.0% (selected for 63 MW power plant in Puerto Rico), GERN +3.9% (continued strength), MYL +3.5% (ticking higher on KG news ), NKE +3.1% (CNBC reports that NKE is to become the new official apparel maker for the NFL), SYT +3.0% (traded higher overseas), CHK +2.6% (Cramer makes positive comments on MadMoney), FNF +2.0% (Bloomberg TV reports BAC to issue foreclosure warranties for Fidelity National), UA +1.8% (up in sympathy with NKE), MYGN +1.3% (Myriad Genetics's PROLARIS test accurately predicts survival with prostate cancer), JKS +0.9% (announces 130 MW solar module supply agreement with a leading global PV company), BMRN +0.8% (Cramer makes positive comments on MadMoney).