Gapping down
In reaction to disappointing earnings/guidance:
- BVN -4.8%, IQ -3.4%, BILI -2%, HD -1.8%
Other news:
- GMDA -19.3% (prices offering of 13,333,334 ordinary shares at $4.50 per share)
- GOSS -13.4% (prices offering of 9,433,963 shares of common stock at $13.25 per share and the pricing of $200.0 mln of its 5.00% convertible senior notes due 2027)
- BLPH -9.3% (prices offerings for an aggregate of 3,076,923 shares of its common stock at a public offering price of $13.00 per share)
- CVNA -7.3% (proposes offering of 5 mln shares)
- CLVS -6.3% (prices 11,090,000 shares of common stock at $8.05 per share)
- NVST -5.4% (prices offering of $450 mln of 2.375% convertible senior notes due 2025 )
- MRNA -5.1% (prices offering of 17,600,000 shares of common stock at $76.00 per share)
- TMUS -3.7% (falls after hours on WSJ report that SoftBank is in talks to sell T-Mobile Shares to Deutsche Telekom)
- HLI -3.3% ( prices offering of 3mln shares of common stock at $63.50 per share)
- NVAX -3.1% (files for sale of up to $250 mln of its common shares)
- TPTX -2.7% (prices offering of 5,416,667 shares of common stock at $60.00 per share)
- CABO -2.6% ($400 mln stock offering)
- SE -2.2% (proposes $1 bln convertible notes offering)
- AVTR -1.6% (offering of 45 mln shares by selling stockholders)
- WST -1.3% (to join S&P 500)
- FSLY -1% (announces follow-on offering of 6 mln shares)
Analyst comments:
- MNK -3% (downgraded to Underweight from Neutral at JP Morgan)
- EXPE -1.9% (downgraded to Hold from Buy at Jefferies)
- NOVA -1.7% (downgraded to Neutral from Outperform at Credit Suisse)
- CMCSA -1% (downgraded to Neutral from Buy at Guggenheim)