TWTR is out with earnings which have disappointed and it's also getting tagged with a handful of downgrades. The stock is down 12.4% at 42.50 after closing yesterday at 48.50. This is only its 4th earnings report since IPO. It has moved (absolute value) 2.9%, 3.5% and 6.5% the day after posting earnings
COH saw some bullish positioning into earnings but it's currently getting smoked this morning, down 6% at 34 after closing at 36.10. It had traded initially higher at 37 this AM but has since sold off.
NE is popping 7% at 21.50 after closing yesterday at 20.12. This comes on talk of NE possibly seeking to transform into an MLP. The co. is slated to post earnings tomorrow.
Monday Recap:
NQ had popped about 20% off the open after its auditor restated the company's numbers from 2009 to 2013 or so. It opened at 11 and traded down to 9.30 after Carson Block released this statement:
“After dismissing PwC, NQ specifically chose Marcum and its principal Drew Bernstein as its auditor because they have publicly criticized short sellers in the past, and have issued clean audit opinions on numerous questionable Chinese reverse-merger companies,” Block said. “The timing of the filing was no surprise either, given the substantial recent run-up in the stock price, as insider trading clearly continues to be rampant in this stock.”
SODA dropped over 10% yesterday, this comes right after it had ripped on Friday on news it would offer PEP products.
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