Gapping down
In reaction to disappointing earnings/guidance:
- LEDS -26%, (note - was up more than 70% prior trading day), SJR -1%
Other news:
- LPCN -52.6% (FDA panel voted against approval of Lipocine's Tlando 6-13)
- NHLD -15.1% (after today's 65% move higher)
- KODK -8.4% (pulling back in pre-mkt following recent strength)
- FTAI -6.5% (commences 7 mln common stock offering)
- HMNY -5.8% (following CEO Mitch Lowe appearance on Bloomberg TV)
- XL -2.6% (light volume; estimates natural catastrophe net losses of approx $45 million related to the recent wildfires in California and $20 million related to other events; reaffirms previously disclosed aggregate net losses related to Q3 catastrophes)
- NVAX -1.4% (after closing near highs -- up 60% on the day)
- ICHR -1.2% (continued weakness)
- ORC -1% (reduces monthly dividend to $0.11/share from $0.14/share; estimates qtrly GAAP net loss of $0.12 per share including $0.58 per share of realized and unrealized losses on RMBS/derivative instruments), .
Analyst comments:
- BCS -2.4% (downgraded to Underperform from Mkt Perform at Keefe Bruyette)
- JBHT -1.4% (downgraded to Neutral from Overweight at JP Morgan)
- CTXS -1.3% (downgraded to Market Perform from Outperform at Cowen)
- TSCO -1.2% (downgraded to Neutral from Outperform at Wedbush )
- PBF -1.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- RDC -0.8% (downgraded to Neutral from Overweight at Piper Jaffray)
- KMI -0.8% (downgraded to Market Perform from Outperform at Wells Fargo)
