Gapping down
In reaction to disappointing earnings/guidance:
- FDS -5%, CRON -3.6%, BECN -0.5%
Other news:
- CPRX -6.3% (following Monday's 30% move higher)
- MYOK -3.6% (announces proposed public offering of $200.0 mln of shares of its common stock), IQ -3.4% (proposes offering of $1.05 bln convertible senior notes due 2025)
- CTMX -1.6% (announces departure of Debanjan Ray as CFO, effective May 15)
Analyst comments:
- CRTO -3% (downgraded to Hold from Buy at SunTrust; downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- CMCM -2.3% (downgraded to Neutral from Buy at Nomura)
- THO -1.7% (initiated with an Underperform at BofA/Merrill)