Gapping down
In reaction to disappointing earnings/guidance:
- IO -17.4%, ECA -16.3%, VECO -15.9%, BLDP -14%, W -13.6%, GNMX -11.7%, PENN -9.7%, OTEX -7.4%, HOS -7.3%, FARO -7%, PKI -6.9%, PPC -6.6% (also approves new $200.0 mln share repurchase authorization over the next 12 months), TPX -5.9%, AXTI -5.6%, FISV -4.5%, HBI -4.4%, LGCY -4.3%, SPOT -3.8%, USCR -3.8%, HCC -3.6%, SSNC -3.5% (also files mixed securities shelf offering for an undisclosed amount), MPC -3.5%, ALL -3.2%, IDXX -3.1%, XPO -2.7%, WPX -2.1%, LHCG -2.1%, LITE -1.9%, PERI -1.6%, EDGE -1.3%, CODI -1.1%, CF -1.1%, CDE -1%, STOR -1%
Other news:
- CEMI -13% (prices underwritten registered public offering of 2,370,435 shares of its common stock at a public offering price of $6.75 per share)
- GDI -3.5% (announces secondary offering of 20.0 mln shares of common stock by selling shareholder)
- NRZ -3.3% (to offer 25,000,000 shares of its common stock in an underwritten public offering)
Analyst comments:
- DRH -1% (downgraded to Market Perform from Outperform at Wells Fargo)
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