Gapping down
In reaction to disappointing earnings/guidance:
- PTLA -39% (guides Q4 Andexxa global net revenues to approx $28 mln), SPWH -18.8%, SIX -10.9%, URBN -8.1% (reports holiday sales), FLXN -5.3%, WDFC -5.1%, KBH -2.2%, CYRX -0.8%
Other news:
- MTNB -12.9% (commences public offering of common stock)
- KRP -10% (prices 5 mln shares of common stock at $15.50 per share)
- APTX -8.1% (announces proposed public offering of common stock)
- GRUB -7.8% (Bloomberg reports co says it's not running sale process)
- PLMR -3.5% (prices offering)
- ARAV -1.8% (names new CEO)
- ADRO -1.5% (announces corporate restructuring plan)
- EPRT -0.5% (prices 6.9 mln shares of common stock at $25.20 per share)
Analyst comments:
- ACB -7.5% (downgraded to Neutral at Piper Sandler; downgraded to Underperform from Neutral at BofA/Merrill)
- FL -2.2% (downgraded to Neutral from Positive at Susquehanna)
- DBX -1.7% (downgraded to Hold at Jefferies)
- BILI -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- IIVI -1.6% (downgraded to Mkt Perform from Outperform at Raymond James)
- NEWR -1.5% (downgraded to Underweight from Equal Weight at Barclays)
- XLNX -1.5% (downgraded to Underperform from Neutral at BofA/Merrill)
- DLB -1.1% (downgraded to Neutral from Buy at B. Riley FBR)
- TWTR -0.4% (initiated with a Underperform at Bernstein)