Gapping down
In reaction to disappointing earnings/guidance:
- JILL -10.7%, NDSN -7.7%, FANH -4.1%, LII -3.7% (updates financial impact from Iowa tornado; timing of business interruption insurance payments assumed to impact 2018 EPS and benefit 2019 EPS), KSS -2.1%, HMY -1.9%, BHP -0.8%
Other news:
- APPN -3.1% (prices underwritten public offering of 2 mln shares of its Class A common stock at a price to the public of $35.15 per share)
- CREE -3.1% (announces private offering of $500 mln aggregate principal amount of convertible senior notes due 2023)
- HTZ -2.8% (CFO resigned to pursue other interests)
- EKSO -2.3% (enters into Controlled Equity Offering Sales Agreement under which it may may issue and sell shares of its common stock from time to time having an aggregate offering price of up to $25 mln)
- KSS -1.9% (after closing up 3% on the day ahead of earnings)
- MELI -1.2% (commences $800 mln offering of Convertible Senior Notes due 2028)
Analyst comments:
- LII -3.7% (initiated with a Underweight at Morgan Stanley)
- BRX -1.3% (downgraded to Neutral from Buy at Mizuho)