Gapping down
In reaction to disappointing earnings/guidance:
- PLAN -4.8%
Other news:
- LTM -39.9% (initiates voluntary reorganization and restructuring of their debt under Chapter 11 protection
- HTZ -35.9% (reorganization under Chapter 11)
- VXX -4.5% (trading lower with US futures up nearly 2%)
- REGN -3.5% (Regeneron Pharma announces secondary offering of its common stock held by Sanofi (SNY))
- ONEM -0.9% (proposes private offering of $250 million of convertible senior notes due 2025)
- GLD -0.6% (Gold futures down 1% in pre-mkt)
- GDX -0.5% (Gold futures down 1% in pre-mkt)
Analyst comments:
- CPTA -1.1% (downgraded to Mkt Underperform from Mkt Perform at JMP Securities)