Gapping down
In reaction to disappointing earnings/guidance:
- ZION -4%, FULT -3.7%, IBKR -3.6%, PNFP -3%, CBSH -1.6%, AMTD -1.5%, BKR -1.5%, JNJ -1.4%, WSFS -0.8%, TBK -0.5%
Other news:
- NVAX -15.6% (files prospectus supplement relates to the issuance and sale of up to $100 mln common stock)
- ADAP -6.8% (announces intended public offering of ADSs)
- HCM -4.3% (announces intent of proposed offering of $110 mln ADSs)
- APLT -2.8% (announces public offering of 1.75 mln shares of common stock)
- EFC -2.5% (prices 4.6 mln shares of common staock at $18.29 per share)
- ZYME -2.1% (files preliminary prospectus supplements for offering of common shares and pre-funded warrants)
- ELAN -1.4% (files mixed securities shelf offering)
- KSU -0.9% (downgraded to Hold at Deutsche Bank)
Analyst comments:
- ZION -4% (downgraded to Neutral from Buy at BofA/Merrill,downgraded to Neutral from Buy at Janney)
- ARNC -2.2% (downgraded to Underperform from Neutral at Longbow)
- SQM -1.4% (downgraded to Reduce from Hold at HSBC Securities)
- KSU -0.9% (downgraded to Hold from Buy at Deutsche Bank)
- UN -0.9% (downgraded to Hold from Buy at Berenberg)
- EL -0.6% (downgraded to Neutral from Buy at Citigroup)
- HII -0.6% (downgraded to Market Perform from Outperform at Cowen)