Gapping down
In reaction to disappointing earnings/guidance:
- RTEC -12% (lowers Q3 guidance due to expansion delays from front-end metrology customers), PIR -10.4%, SNX -3.4%, ATRC -2.5% (commenced an underwritten public offering of 2.5 million shares of its common stock; reports prelim Q3 sales above consensus), JEF -1.5% (Q3 guidance)
Other news:
- MNR -8.2% (prices 8 mln common stock offering at $15.00/share)
- IIPR -4.5% (prices offering of 2.6 mln shares of common stock at $40.00 per share)
- WLDN -4% (prices offering of 1.75 mln shares at $30.00/share)
- TLRY -3.3% (commences $400 mln private placement of Convertible Senior Notes due 2023, also provided Q3 guidance)
- SIR -3.2% (Government Properties Income Trust (GOV) sell remaining stake in public offering of 24.9 mln shares of SIR common stock at $18.25 per share)
Analyst comments:
- ANET -1.4% (removed from Conviction Buy List at Goldman)
- FSIC -1.4% (downgraded to Market Perform from Outperform at Wells Fargo)
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