Naz News, Gappers and FLE's

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Gapping down


In reaction to disappointing earnings/guidance: FC -0.3%, FDO -0.2%, ISCA -0.1%

M&A news: FRO -6.6% (merges with Frontline 2012 )

Select China related names showing weakness: CSUN -4.9%, CMCM -3.1%, JMEI -1.9%, WBAI -1%, .

Other news: WPCS -30.5% (following yesterday's ~95% move higher; also completes a series of transactions resulting in the elimination of all of its $1,703,000 principal amount of Unsecured Promissory Notes ), ANR -4.6% (subsidiary Pennsylvania Services Corporation, acquires a 50% interest in Pennsylvania Land Resources Holding Company for $126 mln), FIT -3.7% (cont vol post IPO), BTU -2.8% (appointed Amy Schwetz to Executive Vice President and Chief Financial Officer; replaces Michael Crews, who has announced plans to step down to take the top financial position at a major industrial firm), NBG -1.8% (cont vol surrounding Greece Referendum), QUNR -1.2% (confirmed final judgment in dispute with eLong (LONG)), EPRS -1.1% (filed for $125 mln mixed securities shelf offering)

Analyst comments: WU -4.5% (downgraded to Hold from Buy at Evercore ISI), CPST -2.5% (downgraded to Market Perform from Outperform at Northland Capital), BTU -2.3% (downgraded to Sell at Deutsche Bank)

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