Gapping down
In reaction to disappointing earnings/guidance:
- VSAT -7.6%, KEYS -5.7%, UEPS -1.6%, CVCO -1.2%, RY -1.2%, PLAB -1.1%
M&A news:
- RCUS -13.5% (entered 10-yr parnership with GILD; GILD to take $200 mln equity stake; no M&A deal)
Other news:
- LJPC -11.6% (learned that Amivas, an entity not affiliated with La Jolla, was granted FDA approval of its IV artesunate product)
- TMDX -4.4% (prices 5 mln shares of its common stock at $14.00 per share)
- BEP -2.9% (BEP and BAM announce offering of 10,236,000 limited partnership units of BEP by certain affiliates of BAM)
- NUVA -2.6% (to offer $400 mln in convertible notes in private placement)
- FVRR -2.5% (commences follow-on offering of $100 mln of its ordinary shares)
- IIPR -2.3% (offering of 1,348,389 shares of its common stock for gross proceeds of approximately $100.0 mln)
- REGN -1.6% (Sanofi (SNY) agreed to sell 11.8 mln shares of REGN common stock at $515.00 per share)