Gapping down
In reaction to disappointing earnings/guidance:
- ON -9.8%, XHR -7%, UAA -4.1%, MAR -2.8%, PK -1.7%, CLR -0.5%
Other news:
- PENN -6.7% (announces public offering of common stock and convertible senior notes due 2026)
- AKTS -5.4% (files for $150 mln mixed securities shelf offering)
- YETI -4.6% (commences secondary offering of of 15 mln shares of common stock by certain of its stockholders)
- PTGX -4.5% (commences underwritten public offering of 5,000,000 shares of its common stock)
- UAL -4.2% (decided not to proceed with $2.25 bln notes offering)
- BBBY -2.5% (provides further update on COVID-19 response; expects majority of its stores to remain closed until at least May 30)
- OYST -2.4% (reports ONSET-2 Phase 3 trial of OC-01 nasal spray met primary endpoint)
- DBI -1.7% (files mixed securities shelf offering)
- NWL -1.3% (files mixed securities shelf offering)
- RUTH -1.1% (files for $75 mln mixed securities shelf offering)
- SLCA -0.9% (to suspend dividend until further notice)
- ARCT -0.8% (files for $200 mln mixed securities shelf offering)
Analyst comments:
- RDFN -6.1% (downgraded to Neutral from Positive at Susquehanna)
- MOS -3.4% (downgraded to Underperform from Buy at BofA/Merrill)
- YELP -3.3% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- CTVA -3% (downgraded to Underperform from Neutral at BofA/Merrill)
- LYFT -2.7% (downgraded to Hold from Buy at Stifel)
- ICD -2.6% (downgraded to Neutral from Buy at B. Riley FBR)
- CF -2.3% (downgraded to Underperform from Buy at BofA/Merrill)
- NTR -2.3% (downgraded to Underperform from Buy at BofA/Merrill)
- CAG -1.6% (downgraded to Hold from Buy at SunTrust)
- MNST -1.2% (downgraded to Neutral from Buy at Citigroup)