Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- HTGM -19.7%, (to offer 10 mln shares of its common stock in an underwritten public offering; updates guidance), ATEN -19.3%,HIVE -18.4%, SQNS -11.7%, (commences offering of ADS; updaates guidance), PSO -6%, ETH -5.9%, (Ethan Allen modestly lower following Q2 update -- sees Q2 adj EPS of $0.51-0.52 vs. $0.52 CapIQ Consensus, sales +2% to $198.5 mln vs. $212.06 estimate, gross margin of 54.3%), RNST -4.6%, F -4%, IBKR -3.1%,FAST -2%, CSX -0.7%
M&A news:
- CELG -1.5% (WSJ reporting CELG / JUNO in merger talks)
Other news:
- GNCA -27.3% (announces proposed concurrent public offerings of common stock and Class A warrants and Series A convertible preferred stock and Class A warrants), HALO -13.4% (being attributed to SWOG abstract)
- OBLN -11.7% (commences an underwritten public offering of $35 mln of shares of its common stock)
- ADNT -8.1% (Adient & Boeing form JV to develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies)
- ASIX -5.7% (experiences temporary production issue at its Hopewell, Virginia facility related to the recent severe winter weather; expects to incur an approximately $30-35 million unfavorable impact to pre-tax income in the 1Q18)
- XON -5.6% (commenced an underwritten public offering of shares of its common stock)
- BOOT -5% (launches public offering of 5.5 mln shares of common stock held by stockholders; provides guidance in connection with offering)
- URGN -3.2% (commences 1,135,847 common stock offering)
- NTNX -3.1% (to offer $400 mln aggregate principal amount of convertible senior notes due 2023 in a private placement)
- BGNE -2.8% (to offer and sell $650 mln of its ADSs)
- NRZ -2.6% (commences 25 mln common stock offering; updates guidance as part of a previously announced public offering)
- GDEN -1.6% (commences secondary public offering of 6.5 mln shares of common stock to be sold by shareholders)
- PATK -1.4% (to offer $125 mln aggregate principal amount of its convertible senior notes due 2023 in a private placement)
Analyst comments:
- HPQ -0.7% (downgraded to Equal Weight at Barclays)
- GG -1.2% (downgraded to Hold at Canaccord Genuity)
- DISH -1.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- NUVA -1.9% (downgraded to Market Perform from Outperform at Wells Fargo )
- JNPR -2% (downgraded to Equal Weight at Barclays)