Gapping down
In reaction to disappointing earnings/guidance:
- LOVE -15.9%, ASNA -8.7%, CHS -6.2%, AGX -5%, HDS -4.7%
M&A news:
- PLUG -2.3% ( announces acquisition of EnergyOr)
- CVS -1.9% (Federal judge said to be near blocking CVS's now closed acquisition of Aetna, according to the NY Post)
- AAT -1.3% (acquires La Jolla Commons for $513.5 mln; announces proposed public offering of common stock)
- SFLY -0.5% (Shutterfly to be acquired by affiliates of Apollo (APO) in an all-cash transaction of $51/share)
Other news:
- CBAY -41.4% (reports topline 12-week data from an ongoing Phase 2b study of Seladelpar in patients with nonalcoholic steatohepatitis; Reductions in liver fat were minimal and not significant compared to placebo; reductions in markers of liver injury were robust and clinically meaningful)
- VG -11.7% (proposes private offering of $300 mln aggregate principal amount of convertible senior notes due 2024)
- GTLS -2.9% (files mixed securities shelf offering; plans to offer 4.9 mln shares with funds to be used on acquisition of Harsco's (HSC) Industrial Air-X-Changers business and to pay down debt)
Analyst comments:
- BYND -9.9% (downgraded to Neutral from Overweight at JP Morgan)
- SYMC -5.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- TEVA -0.8% (initiated with an Underweight at Barclays)