>>> US Gapping Down

Gapping down
In reaction to earnings/guidance:

  • MILE -21.4%, RETA -17.7%, SDC -16.6%, FLGT -13.9%, FLGT -12.5% (announces acquisition of CSI Laboratories; announces strategic partnership with Helio Health) VUZI -12.1%, SQSP -9%, CSPR -6.2%, REAL -6%, SAIL -5.1%, FGEN -4.9%, INO -4.8%, PLNT -3.2%, CP -3%, BCRX -2.8% (announces that it is offering to sell $200 mln of its common stock and, in lieu of common stock, to offer and sell to certain investors pre-funded warrants to purchase shares of its common stock in an underwritten public offering) CF -1.8%, TALK -1.7%, HBM -1.4%, MESA -1.3%, NHI -1.3%, RGNX -1%

Other news:

  • ATER -8.4% (files for 2,722,075 share common stock offering by selling shareholders)
  • AVLR -4.6% (announces offering of $850 mln aggregate principal amount of convertible senior notes due 2026)
  • SIVB -4.1% (priced its underwritten public offering of 2,227,000 shares of its common stock at $564.00/share )
  • FRC -3.7% (announces public offering of 2.0 mln common shares)
  • BRSP -3.4% (announces that a selling stockholder affiliated with DigitalBridge Group has commenced a secondary offering of 8,250,000 shares of BrightSpire Capital's Class A common stock), KNBE -3.3% (launches follow-on public offering of 8,719,740 Class A common shares by selling stockholders )
  • CP -2.7% (planning to make increased acquisition bid for Kansas City Southern (KSU), according to WSJ)
  • IAS -2.6% (acquired Publica, the connected TV (CTV) advertising platform, in a cash and stock transaction valued at $220 million)
  • WPC -2.5% (priced an underwritten public offering of 4.5 mln shares of common stock )
  • HCAT -2% (commences public offering of $225.0 mln of its common shares)
  • CF -1.8% (and Mitsui & Co. announce a memorandum of understanding that will guide the companies in a joint exploration of the development of blue ammonia projects in the United States)
  • THC -1% (announces the next step in its long-term leadership succession plan)
  • PCG -1% (briefs financial community on the company's 2021 wildfire mitigation work and future infrastructure plans ),

Analyst comments:

  • WTRH -16.4% (downgraded to Neutral from Overweight at Cantor Fitzgerald; tgt $7)
  • NLS -9.3% (downgraded to Hold from Buy at Craig Hallum)
  • LOTZ -7% (downgraded to Mkt Perform from Outperform at William Blair)
  • AXSM -3.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $34)
  • BHVN -1.5% (downgraded to Neutral from Buy at UBS; tgt raised to $109),