Gapping down
In reaction to disappointing earnings/guidance:
- ASNA -15.9%, DPLO -15.4%, HEAR -11.7%, KIRK -9.8%, ZUMZ -8.6%, TLYS -8.4%, PVTL -6.7%, DOCU -4.4%, BKE -4.2%, VRAY -4.1%, KNDI -4%, ORCL -3.7%, ADBE -3.5% (also will replace Twenty-First Century Fox in the S&P 100), NDLS -1.8%
Other news:
- KOPN -22.1% (proposed public offering of common stock)
- MTNB -10.8% (commences underwritten public offering of common stock)
- SPPI -7.6% (voluntarily withdraws Biologics License Application for ROLONTIS)
- TRTX -3.7% (prices 6 mln common stock offering; Total estimated gross proceeds of the offering are approximately $119.4 million)
- SCM -3.2% (announces public offering of common stock)
- GDS -2% (prices offering of 11,940,299 ADS at $33.50/ADS)
- FB -1.7% (Chief Product Officer Chris Cox has left the company, also WhatsApp VP Chris Daniels)
- HR -1.1% (prices underwritten public offering of 3.25 mln newly issued shares of common stock for gross proceeds of $102.1 mln)
- OKTA -0.8% (files mixed securities shelf offering)
Analyst comments:
- ZG -3.7% (downgraded to Underweight from Equal Weight at Barclays)
- ORCL -3.7% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- AVY -1.2% (downgraded to Neutral from Overweight at JP Morgan)