Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- BBBY -14.7%, GIS -4.7%, ADBE -2.4%, DEO -2.1%, (guidance at AGM),FDX -1.2%, STLD -0.8%
M&A news:
- WDC -3.5% (report that Toshiba (TOSBF) may select Bain Capital/Apple (AAPL) bid for chip unit sale)
Other news:
- IONS -8.6% (following positve Phase 3 hereditary ATTR amyloidosis data from competitor Alnylam)
- NBRV -5.3% (prices offering of 9,411,765 ordinary shares at $8.50 per share)
- BBU -4.3% (to issue 6,670,000 limited partnership units on a bought deal basis at $30.00/unit for gross proceeds of approximately $200 million)
- MXWL -3% (amends/restates Viex agreement; proposes offering of $50 mln convertible senior notes due 2022 in a private offering)
- WSM -2.3% (following BBBY results)
- MDXG -0.8% (MiMedx Group to host call on September 21 at 10:30am ET to update progress on strategic initiatives and respond to topics requested by shareholders)
Analyst comments:
- JNJ -1.5% (downgraded to Sell from Neutral at Goldman)
- AGN -1.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- MMM -1.2% (downgraded to Underweight from Neutral at JP Morgan)
- GIII -0.9% (initiated with Underweight ratings at Barclays)