Gapping down
In reaction to disappointing earnings/guidance:
- NBEV -11.6%, WB -9.6%, SINA -7.7%, CGC -7%, BZH -5.9%, CSCO -5.5%, WIX -4.9%, PSNL -3.6%, GDS -3.3%, TCOM -2.7%, NTAP -1.3%, CTRA -1.3%
Other news:
- FLGT -12% (prices underwritten public offering of 2.325 mln shares of its common stock at a public offering price of $11.25 per share)
- KDMN -5.9% (prices offering of 26 mln shares of its common stock at a public offering price of $3.40 per share)
- BCRX -4.4% (prices offering of 37,931,035 shares of common stock at $1.45 per share)
- VRRM -3.1% (announces secondary offering of 15,000,000 shares of common stock by holders)
- CYBR -1.7% (prices $500 mln of 0% Convertible Senior Notes due 2024 )
- I -1% (extending yesterday's nearly 30% decline)
Analyst comments:
- CDLX -2.3% (downgraded to Neutral from Overweight at JP Morgan)
- SBH -2.3% (downgraded to Underperform from Neutral at DA Davidson)
- KHC -2% (downgraded to Sell from Neutral at Goldman)
- HEES -1.4% (downgraded to Neutral from Buy at BofA/Merrill)
- DE -1.3% (downgraded to Neutral from Buy at BofA/Merrill)
- EMR -1% (downgraded to Reduce from Hold at HSBC Securities)
- AAPL -0.4% (downgraded to Sell at Maxim Group)