Gapping down
In reaction to earnings/guidance:
- CHKP -4.2%
Other news:
- FRC -45.9% (JPMorgan Chase (JPM) acquires substantial majority of assets and assumes certain liabilities of First Republic Bank)
- PLRX -15% (announces positive long-term data from the INTEGRIS-IPF Phase 2a Trial Demonstrating Bexotegrast was well tolerated at 320 mg with durable improvement shown in FVC and across multiple measures)
- MANU -5.3% (Sheikh Jassim bin Hamad Al Thani submitted final GBP 5 bln bid for Manchester United)
- ALPN -3.2% (files for $400 mln mixed securities shelf offering)
- VIRT -2% (has been responding to requests for information from SEC re its information access barriers; may receive a Wells Notice if no settlement reached)
- FGEN -2% (announced a non-dilutive term loan facility with investment)
- NE -1.4% (announces changes to its share capital)
Analyst comments:
- ARCB -1.7% (downgraded to Underperform from Neutral at BofA Securities)
- PFG -0.5% (downgraded to Neutral from Buy at BofA Securities)