Gapping down
In reaction to disappointing earnings/guidance:
- MARK -39% (also provides debt repayment update and strategic alternatives exploration news), JCP -12.3%, NTAP -5.8%, CPA -5.7%, LXFT -3.2%
Other news:
- HSDT -12.3% (proposes public offering of Class A common stock)
- EYE -4.3% (announces secondary offering of 12.5 mln shares of common stock by shareholders)
- KREF -4.1% (prices 4.5 mln common stock offering for gross proceeds of approximately $10 million to the company and approximately $80 million from the sale of the Secondary Shares)
- NGHC -3.8% (prices public offering of 5 mln shares of common stock at $24.00 per share)
- AGNC -2.6% (announces public offering of 40.0 mln shares of common stock)
- ED -2.5% (prices offering of 13,636,363 common shares at $77.00 per common share)
Analyst comments:
- CPA -5.7% (downgraded to Neutral from Buy at Citigroup)
- LW -1.2% (downgraded to Neutral from Buy at BofA/Merrill)
