Gapping down
In reaction to disappointing earnings/guidance:
- IVAC -17.6%, CGNX -16.2%, TPR -7.2%, AXGN -7%, I -6.7%, RCII -6%, SHOP -6%, SMG -5%, FLWS -3.5%, RIG -3%, INCY -2.8%, INST -2.6%, SBAC -1.7%, IIVI -1.6%, PFE -1.4%, RDC -1.2%, AMRC -0.8%
Other news:
- KLXI -8% (sells ASG business to Boeing (BA); to spin-off its ESG Business to KLX shareholders)
- XPER -3.6% (light volume -- ahead of earnings on Thursday)
- WSR -2% (9.6% shareholder KBS files proxy materials with letter to shareholders)
- FR -1.8% (commenced underwritten public offering of 4.8 million shares of common stock)
- ABTX 0% (Allegiance Bancshares to merge with Post Oak Bancshares)
Analyst comments:
- CRON -3.5% (downgraded to Sell from Hold at Canaccord Genuity)
- BTI -2% (downgraded to Neutral from Overweight at Piper Jaffray)
