Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ARQL -0.9%
M&A news:
- SPA -3% (Ultra Electronics terminates merger with Sparton)
- QCOM -1.8% (cont vol in AVGO M&A speculation; annual meeting has been delayed)
Other news:
- DEPO -10.1% (files for $300 mln mixed securities shelf offering)
- LPTX -4.8% (files for $100 mln mixed securities shelf offering)
- PK -3.4% (commences 32.95 mln common stock offering by selling stockholder HNA HLT Holdco)
- MT -1% (cont weakness)
Analyst comments:
- BRX -0.8% (downgraded to in-line at Evercore ISI)
- LPNT -2.4% (downgraded to Mkt Perf at Leerink Partners)