Gapping down
In reaction to earnings/guidance:
- CAMP -20.6%, RKLY -17.2% (lowers revenue guidance after deciding to not proceed with its technical sale to its JV partner after a US govt action), AIR -8.2% (also approves $150 mln share repurchase program), PIK -2.1%, BB -2.1%,
Other news:
- ALLK -85.4% (announces topline phase 3 data from the ENIGMA 2 study and phase 2/3 data from the KRYPTOS study in patients with Eosinophilic Gastrointestinal Diseases)
- AGIL -28.3% (priced a public offering of 3,560,710 shares of its Class A Common Stock at $7.00/share)
- BFRI -6.6% (stock offering)
- PAVM -5.5% (files for $275 mln mixed securities shelf offering)
- HGTY -2.1% (stock offering)
- SONY -2.1% (and Zee Entertainment Enterprises sign definitive agreements to merge)
- BIIB -2% (and Eisai (ESALY) announce Japan's NDC will continue deliberations on the application of aducanumab for the treatment of Alzheimer's disease)
Analyst comments:
- ADGI -7.7% (downgraded to Hold from Buy at Jefferies)
- CGC -3.3% (downgraded to Underperform from Neutral at BofA)
- SRRK -2.1% (downgraded to Hold from Buy at Jefferies)
- ALXO -1.5% (downgraded to Hold from Buy at Jefferies),