Gapping down
In reaction to earnings/guidance:
- CONN -20.7% (guidance; CEO steps down), SI -12.4%, SFBS -5.6%, HAS -4%, MRTN -2.5%, MLI -2.1%, SBNY -2%, GMAB -0.7% (guidance)
Other news:
- AMYT -5.9% (COMP adopts positive opinion on Orphan Disease Designation for Mycapssa for the treatment of Acromegaly)
- SILK -3.7% (commences $100 mln share offering; also issues guidance)
- HPK -2.3% (announces increase to the company's borrowing base)
- MREO -2.2% (updated operating plan to maximize shareholder value; targets 40% reduction in headcount and significant expense reductions as company continues to guide lead programs through upcoming value creating milestones)
- AZTA -1.5% (COO resigned)
- HA -1.1% (agreement with Mokulele)
Analyst comments:
- HAYW -1.8% (downgraded to Underperform from Neutral at BofA Securities)
- ACMR -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- SHO -1% (downgraded to In-line from Outperform at Evercore ISI)
- IP -0.9% (downgraded to Sell from Hold at Deutsche Bank)