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iconoclassic

06/11/15 9:18 AM

#372923 RE: iconoclassic #372922

Gapping down


In reaction to disappointing earnings/guidance: BV -5.4%, GWR -0.6%, DEST -0.6%

M&A news: SYT -1% (cont uncertaintly surrounding merger with MON)

Select metals/mining stocks trading lower: MT -1.7%, AUY -1.5%, FCX -1%, SLV -1%, HMY -0.7%, GG -0.5%

Other news: FOLD -7.5% ( announces a $150 stock offering), COMM -5.9% ( announces sale of 20 mln shares of common stock by Carlyle Group), GLP -5.5% ( announces an offering of 3 mln common units), DRNA -5.5% (responds to complaint file by Alnylam Pharmaceuticals (ALNY) in US Superior Court; 'believes the complaint is meritless'), SALT -4.4% (prices offering of 133,000,000 shares of common stock at $1.50 per share), BBG -3.8% (announces "at-the-market" equity offering; confirms increase to 2015 capex budget; establishes initial 2016 production growth range), LULU -3.3% (discloses filing for sale of up to 20,109,131 shares by founder Dennis J. Wilson; if entire amount sold, it would represent Wilson's entire stake), FRSH -3.1% (announced secondary common stock offering of 2 mln shares by selling sharholder), CYBR -2.6% (prices offering of 4,900,000 ordinary shares at a price of $61.00 per share sold by co and selling shareholders), TUBE -2.5% (prices follow-on offering of 5,263,246 shares of common stock at a price to the public of $15.75 sold by co and selling shareholders), WNC -1.9% (amended credit agreement regarding its $150 million asset-based revolving credit facility), BAS -1.8% (filed for $1 bln mixed securities shelf offering), PFPT -1.5% (announced an offering of $150 mln in convertible senior notes due 2020), IEX -1.3% (acquired specialty products valve firm, Alfa Valvole, for €102 million; with earnings accretion expected in the first full year after closing), NLSN -1% (announces a secondary offering of ~8.95 mln shares of common stock by affiliates of the Blackstone Group and The Carlyle Group )

Analyst comments: CL -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley), HOG -0.9% (downgraded to Neutral from Outperform at Wedbush), RIG -0.7% (initiated with an Underweight at Barclays), CHK -0.5% (downgraded to Perform from Outperform at Oppenheimer)

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