Gapping down
M&A news:
- VMC -0.7% (U.S. Concrete (USCR) to be acquired by Vulcan (VMC) for $74.00 per share in cash)
Other news:
- MGI -9.1% (established $100 mln "at-the-market" equity offering program)
- ELYS -3.4% (files for $100 mln mixed securities shelf offering)
- HARP -2.3% (provides progress update for TriTAC clinical programs and ProTriTAC platform)
- ONEM -1.9% (acquires Iora Health for $2.1 bln)
- RIDE -1.5% (receives notice of delinquency for late filing)
- DSX -1.5% (files for $750 mln mixed securities shelf offering)
- EQOS -1.4% (files for 94,487 share common stock offering by selling shareholders)
- AYLA -1.1% (files for 2,249,998 share common stock offering by selling shareholders)
- REI -1.1% (executes targeted hedging transactions to further increase free cash flow generation in 2021)
- GLT -1% (files for $500 mln mixed securities shelf offering)
Analyst comments:
- EDU -3.6% (downgraded to Neutral from Outperform at Credit Suisse)
- TAL -2.4% (double-downgraded to Underperform from Outperform at Credit Suisse)
- ARCB -1.9% (downgraded to Neutral from Buy at Goldman)
- PGR -1.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- WERN -1.9% (downgraded to Sell from Neutral at Goldman)