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MGT Capital Investments Inc. (NYSE: MGT) shares
dipped 29.4 percent to $1.78 after the company issued an update on status of D-Vassive acquisition. The company has been told
that it cannot list 43.8 million shares on the NYSE to close D-Vassive merger. MGT Capital still remains committed to close the
deal.
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Ascena Retail Group Inc (NASDAQ: ASNA) shares
tumbled 26.9 percent to $5.94 after the company reported downbeat earnings for its fourth quarter and issued a weak forecast
for the first quarter.
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HNI Corp (NYSE: HNI) shares dropped 21.4 percent to
$42.62 after the company lowered its Q3 and FY earnings outlook.
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HSN, Inc. (NASDAQ: HSNI) shares declined 6
percent to $38.08. Bank of America initiated coverage on HSN with an Underperform rating and a $33.00 price target.
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Encana Corp (USA) (NYSE: ECA) declined 5.5 percent
to $9.31 driven by the announcement of a public offering of 107 million shares. The company said half of the net proceeds will
be used to fund a portion of next year’s capital program, and the other half to pay down debt.
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Oclaro, Inc. (NASDAQ: OCLR) shares fell 5 percent
to $8.65 following the company’s announcement that it would offer 13 million newly-issued shares of common stock. Management
said it intends to use the proceeds for general purposes.
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GoPro Inc (NASDAQ: GPRO) dropped 4.8 percent to
$14.57. GoPro Inc announced the launch of a subscription software offering, while introducing its first ever drone and
refreshing its action camera portfolio with the new HERO5 Session and HERO5 Black. Goldman Sachs maintained a Neutral rating on
the company, while raising the price target from $12.50 to $14.00.
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SeaWorld Entertainment Inc (NYSE: SEAS) shares
dropped 4.5 percent to $12.12. SeaWorld trimmed its quarterly dividend by more than 52 percent, to $0.10 per share, and
announced that this would be the last payment before suspending it.
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Trinseo S.A. (NYSE: TSE) shares slipped 3.1 percent
to $54.06 as the company reported an offering of 10.67 million shares via selling shareholders.
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Huntington Ingalls Industries Inc (NYSE: HII)
dropped 3 percent to $150.04. Cowen & Co. downgraded Huntington Ingalls from Outperform to Market Perform.
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VeriFone Systems Inc (NYSE: PAY) shares fell 2.2
percent to $15.70. Morgan Stanley slashed price target on the shares of VeriFone by $7 to $16.
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Arrow Electronics, Inc. (NYSE: ARW) declined 2.1
percent to $62.60. Goldman Sachs downgraded Arrow Electronics from Buy to Neutral and lowered the price target from $72 to $63.
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