Gapping down
In reaction to disappointing earnings/guidance: HPY -18.0% (ticking lower), GIGA -12.0% (thinly traded), QUIK -11.2%, ZSTN -9.4%, GRMN -8.0%, EOG -7.9%, IPHS -7.6%, UDRL -7.0%, SONS -6.3%, CQB -5.6%, LEAP -5.4%, STO -5.3%, PWR -4.7%, NANO -4.4%, JRCC -3.7%, LNC -3.4%, DISCA -3.3% (also downgraded to Mkt Perform at Barrington Research), WYNN -3.2% (also declares $8 cash dividend; downgraded to Neutral from Buy at Sterne Agee), ERTS -2.7%, NOA -2.6%, DGI -2.0%, MAKO -2.0%, SIGA -1.5%.
M&A news: CASY -5.3% (Casey's General rejects 7-Eleven's $43.00 per share offer and no longer in talks; signs asset purchase agreement to acquire 44 Kabredlo's stores).
Other news: TGB -29.0% (confirmed last night that Federal Minister of Environment announced the Prosperity mine project, 'as proposed', cannot be granted federal authorizations to proceed; downgraded to Hold from Speculative Buy at Canaccord, downgraded to Underperform from Neutral at Credit Suisse), HCP -3.4% (to offer 10 mln Shares), BUD -2.4% (ABV reported), CIM -2.0% (intends to make a public offering of 125 mln shares of its common stock), NMM -1.5% (files for a $500 mln mixed shelf offering), ARMH -1.0% (still checking).
Analyst comments: OAS -1.3% (downgraded to Market Perform from Outperform at Morgan Keegan , ALTR -0.4% (downgraded to Neutral from Buy at Ticonderoga).
Gapping up
In reaction to strong earnings/guidance: WWWW +18.3%, OPEN +17.3%, STEC +11.4% (also upgraded to Buy from Hold at Needham), RLD +8.3% (light volume), SNCR +6.2% (light volume), ICLK +6.1% (also announced President and Founder Michael Katz will become Chief Executive Officer), TRW +6.0% (ticking higher), SBGI +5.7% (light volume), HIG +5.4%, SCGLY +5.1%, RADS +3.6%, Q +3.4%, MGIC +3.4%, KEYW +2.3% (light volume).
M&A news: FSIN +24.2% (receives 'going private' proposal at $11.50 per share).
Select financial related names showing strength: LYG +3.3%, HBC +1.9%, BAC +1.0%, BCS +1.0%.
Select metals/mining names trading higher: TORM +4.6%, MT +2.5%, NG +1.9%, SLW +1.5%, AU +1.1%, AAUKY +0.8%, BHP +0.8%, GOLD +0.8%, AUY +0.7%, GBG +0.7%, HL +0.7%.
Select oil/gas related names showing strength: BP +3.8% (upgraded to Buy from Neutral at Goldman), HERO +3.3%, PTR +1.7%, RIG +1.3%, TOT +1.2%, CVX +0.7%, E +0.6%, PBR +0.6% (trading ex dividend).
Other news: HAWK +18.7% (announces initiated a process to explore and consider possible strategic alternatives), UPI +12.0% (announced CMS published anticipated Category I CPT code for Posterior Tibial Nerve Stimulation), PDE +11.5% (Hearing attributed to takeover speculation), SPPI +5.7% (ticking higher; awarded grants totaling $977,900 under the Qualifying Therapeutic Discovery Project Program), CRH +5.6% (still checking), CRNT +3.4% (announces a multi-million dollar contract with Mobile Cellular), TC +2.6% (still checking), VOD +2.2% (still checking), FFIV +0.8%and HON +0.4% (Cramer makes positive comments on MadMoney).