Gapping down
In reaction to disappointing earnings/guidance:
- BBBY -16.5%, CMTL -9.6% (promotes Michael Porcelain to Chief Operating Officer and Michael Bondi to Chief Financial Officer), CAG -6.4%, FUL -5.2%, PM -0.6%, ACN -0.5%
Other news:
- GERN -62.4% (announces discontinuation of Imetelstat collaboration by Janssen)
- CCXI -10.5% (ticking lower; announces proposed offering of $75 million in common stock)
- KRP -9.8% (thinly traded; commenced 3 mln common unit underwritten public offering )
- ROYT -6% (light volume after declaring lower monthly distribution)
- ALDX -1.9% (to offer 5.25 mln shares of common stock in underwritten public offering)
- BJ -1.8% (prices offering of 28 mln shares of common stock at $26.00 per share)
- PETQ -1.3% (prices offering of 5 mln shares of common stock at $39.00 per share)
Analyst comments:
- AAOI -9.1% (downgraded to Sell from Hold at Loop Capital)
- HCLP -1.8% (downgraded to Mkt Perform at Raymond James)
- AMD -1.3% (downgraded to Market Perform from Outperform at Northland Capital)
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