Gapping down
In reaction to disappointing earnings/guidance:
- MNK -16.8%, SPCE -8.6% (also announces stock offering), VNOM -6.2%, THC -5.5%, KMT -5.1%, WEC -5%, EMN -4.9%, HAE -4.6%, SPR -4.6%, DEO -4.3%, AMRN -4.1%, VVV -3.9%, RMBS -3.8%, TREE -3.5%, HLIO -3.3%, LEG -2.9%, KLAC -2.7%, CLR -2.6%, ITRI -2.5%, NCMI -2.3%, BWXT -2.2%, CRUS -2%, AIG -1.9%, MIME -1.8%, NSP -1.5%, CW -1.4%, CHGG -1.2%, EPC -1.2%, RBC -1%, RNG -0.9%, H -0.8%
Other news:
- DBVT -34.1% (receives Complete Response Letter from FDA for Viaskin Peanut BLA)
- IMUX -10.9% (stock offering)
- ACHV -9.2% (stock offering)
- KBAL -6.9% (presents new organizational structure)
- SITE -5.3% (prices offering of 2,150,000 shares of common stock for gross proceeds of $264 mln)
- AMK -3.4% (stock offering)
- SLP -3.4% (announces intended public offering of common stock; size not disclosed)
- SALT -3.3% (to construct Wind Turbine Installation Vessel)
- VCYT -2.5% (stock offering)
- AYRO -1.7% (stock offering)
- DKNG -1.4% (baseball players test positive for COVID-19)
- VYGR -1.1% (terminates collaborations with ABBV)
Analyst comments:
- TCS -4.3% (downgraded to Sell from Neutral at Goldman)
- FCX -0.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- NBL -0.8% (downgraded to Hold from Buy at Stifel)