Gapping down
In reaction to disappointing earnings/guidance:
- FRAN -4.2%, PUMP -3.9%
Other news:
- LFIN -19% (continued weakness; to be removed from the Russell Indexes on March 28)
- OSTK -8.7% (to offer 4 mln shares of common stock)
- NVTA -6.4% (commences $50.0 mln common stock offering)
- LAND -6.3% (to sell shares of its common stock in an underwritten public offering)
- GERN -6.2% (cautious article from biotech blogger Adam Feuerstein)
- LMRK -3.3% (commenced offering of Series C Floating-to-Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units representing limited partner interests)
- AUPH -3.3% (filed amendment to short form base shelf prospectus initially filed in January)
- MGNX -3% (commences 4.5 mln share common stock offering)
- BFAM -1.3% (priced public offering by certain of its stockholders of 4,606,062 shares of its common stock at $102.70/share)
- GIS -0.9% (proposes public offering of $1 bln in common stock in connection with pending acquisition of Blue Buffalo Pet Products; files debt securities and common stock shelf offering )
Analyst comments:
- CSIQ -1.5% (downgraded to Underweight from Neutral at JP Morgan)
- KIM -1.2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CHK -1% (downgraded to Underperform from Mkt Perform at Bernstein)
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