Gapping down
In reaction to earnings/guidance:
- GME -10.2%, BIGC -4.9%, ZS -1.6%
Other news:
- TRQ -17.7% (provides update on engagement with the company's controlling shareholder, Rio Tinto plc, concerning the long-term funding of Oyu Tolgoi LLC)
- QTNT -8.3% (announced $60 mln public offering of ordinary shares)
- ATNX -7.1% (prices public offering of 10,000,000 shares of its common stock at a public offering price of $11.00 per share)
- CSIQ -5.6% (announced offering of US$200 mln aggregate principal amount of convertible senior notes due 2025)
- PRPL -5.4% (prices secondary public offering of 11,826,087 shares of its Class A common stock to be sold by selling shareholders at $18.50 per share),
- YUMC -4.3% (officially listed on the Main Board of The Stock Exchange of Hong Kong)
- ZNH -4% (intends to carry out mixed ownership reform)
- MXL -3.2% (acquired NanoSemi for $10 mln in cash and 804,163 common shares)
- ITCI -2.2% (announced public offering of $350 mln of its common shares)
- RPAY -2% (prices 13 mln (upsized from 10 mln) common shares at $24.00/share)
- ALKS -1.9% (filed a patent infringement lawsuit against Teva Pharmaceuticals USA (TEVA))
- IIIV -1.8% (provided potential investors additional disclosures concerning recent developments in connection with a proposed underwritten public offering), SPRO -1.5% (commenced public offering of 8.0 mln common shares)
- ICE -1.4% (prices secondary offering by selling stockholder Thoma Bravo of 9,180,568 shares of ICE's common stock at $100.20/share)
Analyst comments:
- HDS -3% (downgraded to Hold from Buy at Truist)
- SO -0.9% (downgraded to Underperform from Neutral at Mizuho)