Matson downgraded

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Stephens analyst Jack Atkins cited new competition concerns for downgrading Matson Inc. (NYSE: MATX) from an Overweight rating to an Equal Weight rating and slashing his price target from $36 to $23. Shares of the transportation services provider plummeted $6.56 to close at $22.79.


Sportsman's Warehouse Holdings Inc. (Nasdaq: SPWH) reported better than expected earnings for the second quarter of 15 cents per share compared with 20 cents per share in the year ago period. The stock price climbed 88 cents to close at $4.34.



Two of Tenet Healthcare Corp.'s (NYSE: THC) board members who are partners at Glenview Capital Management have resigned. The stock price climbed $1.80 to close at $14.45.



Infosys CEO resigns

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Infosys Ltd. (NYSE: INFY) chief executive Vishal Sikka resigned sending the stock price down $1.14 to close at $14.79.

 


Foot Locker falls short

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Foot Locker Inc. (NYSE: FL) disappointed with sharply lower second quarter earnings that fell short of expectations of 39 cents per diluted share compared with 94 cents per diluted share in the year ago period. Shares of the athletic apparel retailer plummeted $13.32 to close at $34.38.



Calpine to be acquired

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Energy Capital Partners and a consortium of investors will acquire Calpine Corp. (NYSE: CPN) for a premium of approximately $5.6 billion in cash. The stock price climbed $1.42 to close at $14.92.



Financial Engines Inc. (Nasdaq: FNGN) announced a secondary offering of approximately 4.1 million common shares sending the stock price plunging $2.60 to close at $31.75.


Acadia Healthcare Co. Inc. (Nasdaq: ACHC) announced a secondary offering of more than 2.8 million shares of common stock. The stock price plummeted $4.69 to close at $46.99.

 


Earnings drop for Vipshop Holdings

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Vipshop Holdings (NYSE: VIPS) reported lower earnings for the second quarter sending the stock price down 90 cents to close at $10.20.



Shares of Horizon Pharma (Nasdaq: HZNP) climbed $1.25 to close at $13.14 on news that the implementation of certain regulations related to drug prices will be delayed.



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