Gapping down
In reaction to disappointing earnings/guidance:
- WTW -34.4%, ELF -18.8% (also to exit the stand-alone e.l.f. retail store business, CFO resigns), DF -16.5%, EVH -15.5%, VICR -13.4%, BNFT -10.5% (also announces secondary offering of an aggregate of 5,704,758 shares of common stock), WLL -10.4%, MYL -10.4%, DY -10.2%, BGS -10%, TIVO -9.3%, CLGX -8.9%, INGN -8.6%, IMMR -7.9%, HPR -7.3%, PEN -6.6%, CERS -6.3%, PGTI -5.5%, NBR -4.6%, AAXN -4.1%, RRGB -2.8%, ORA -2.1%, EOG -2%, HMLP -1.9%, AKCA -1.7%, GNL -1.4%, AMRN -1.1%
Other news:
- WATT -16.4% (prices 3.33 mln shares of common stock at $7.50 per share; also reported earnings)
- KPTI -13.8% (FDA AdCom votes to delay potential approval of selinexor until results of the randomized phase 3 BOSTON trial are available)
- ADMP -13% (received Refusal to File letter from the FDA regarding its NDA for its sublingual tadalafil product)
- ALDR -5.2% (announces proposed public offering of up to $105 mln of shares of its common stock and concurrent private placement)
- VNOM -4.6% (prices upsized offering of 9.5 mln common unities at $32.00 per share)
- LPSN -3.4% (intends to offer private offering of $150.0 mln aggregate principal amount of Convertible Senior Notes due 2024)
- NYMT -2.8% (prices public offering of 15 mln shares of common stock for gross proceeds of approx $90.0 mln)
- PSEC -1.7% (announces public offering of $150 mln in aggregate principal amount of unsecured convertible notes due 2025)
- EQIX -1.4% (announces proposed public offering of $900 mln of its common stock)
- WIT -1.2% (to divest its Workday and Cornerstone OnDemand business to Alight Solutions for up to $110 mln)
- RARE -0.8% (prices public offering of 5,072,464 shares of common stock at $60.00 per share)
Analyst comments:
- UN -3.2% (downgraded to Neutral from Outperform at Exane BNP Paribas)
- HIIQ -2.6% (downgraded to Neutral from Buy at B. Riley FBR)
- ATHM -1.3% (downgraded to Neutral from Outperform at Credit Suisse)
- DECK -0.9% (downgraded to Neutral from Positive at Susquehanna)
