Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- DRWI -17.4%, DAL -1.8%, TSM -0.8%
Other news:
- OPGN -15.2% (prices 25 mln unit offering; units are being offered at a price of $0.40 per unit)
- PCO -13.1% ( Federal Circuit court has affirmed both judgments related to ContentGuard patents)
- FOLD -7.1% (prices offering of 18,367,347 shares of its common stock at $12.25)
- CPRX -2.9% (files for $150 mln mixed securities shelf offering)
- ARNA -1.8% (prices 6.25 mln shares of common stock at $24.00 per share)
- AAL -1% (notified by the FTC that Qatar Airways has withdrawn its previously filed notification under the Hart Scott Rodino Antitrust Improvements Act and refiled a new notification on July 10)
Analyst comments:
- STX -4.2% (downgraded to Underweight from Equal Weight at Barclays)
- BRKR -2.3% (downgraded to Underperform from Market Perform at Wells Fargo)
- FTI -1.6% (downgraded to Underperform from Mkt Perform at Bernstein)
- T -0.5% (downgraded to Neutral from Buy at BofA/Merrill)
- STO -0.5% (downgraded to Neutral from Overweight at JP Morgan)