Gapping down
In reaction to disappointing earnings/guidance:
- VREX -22.7%, TSRO -12.7%, BRS -11%, SYMC -10.7% (also announces set of cost reduction actions designed to eliminate redundancies and focus its resources on key strategic opportunities), IMMR -10.4%, SEDG -9.8%, LOCO -9.2%, SRCL -9.1%, PACB -9%, AMN -7.2%, NBL -6.8%, PODD -6.3%, GDDY -6.3%, FTAI -6.1%, COHU -5.4%, PDFS -5.3%, BGS -5%, PI -4.8% (expects to outperform Q2 guidance on revenue, EPS, adjusted EBITDA and inventory but delays release/10-Q and commences Audit Committee investigation), GBT -4.8%, RTEC -4.4%, TWI -4.2%, AIG -4.1%, NE -3.9%, SHAK -3.8%, BOJA -3.1%, SSTI -2.5%, CARB -2%, FLT -1.7%, MSI -1.7%, VRAY -1.6%, RMD -1.5%, MGI -1.4%, CBS -1.2%, DATA -1.1%, EOG -1%, ANET -1%
Other news:
- MFA -4.5% (announces public offering of 50.0 mln shares of common stock)
- TNDM -4.1% (announces proposed underwritten public offering of common stock)
- SKY -3.8% (prices 9 mln common stock offering at $22.00/share)
- DRRX -2.6% (files $175 mln mixed securities shelf offering )
- FCPT -2.2% (prices upsized underwritten registered public offering of 3.5 mln shares of common stock at a public offering price of $25.00 per share)
Analyst comments:
- RUN -4.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- MSI -1.7% (downgraded to Underweight from Neutral at JP Morgan)
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