Gapping down
In reaction to disappointing earnings/guidance:
- MIK -10.3%, GIII -6%, MLHR -4.8%, CMC -3.4%, DRI -3%, JKS -2.5%, FIVE -0.9%, ACN -0.6%
Other news:
- RESN -9.7% (to sell shares of its common stock in an underwritten public offering)
- CRON -5% (to sell 10.42 mln common shares on 'bought deal' basis at $9.60 per share for gross proceeds of approx $100.0 mln)
- PLUG -3.6% (announces private offering of $100 mln of convertible senior notes )
- ARNA -2.7% (prices public offering of 8.5 mln shares of common stock at $41.50 per share)
- GAIA -2.2% (launches offering of shares of its Class A common stock)
- NYCB -2% (initiated with Sell ratings at UBS)
- TWTR -1.6% (likely in sympathy with FB)
- FB -1.5% (after Mark Zuckerberg released statement shortly before the close related to Cambridge Analytica situation,discusses actions already taken and next steps to address this issue)
- AVEO -1% (announces the publication of long-term follow-up results from Study 902, where patients were treated with tivozanib (FOTIVDA) as second-line treatment in advanced renal cell carcinoma)
Analyst comments:
- SIRI -1.3% (downgraded to Neutral from Buy at Citigroup)
- TRP -1% (downgraded to Market Perform from Outperform at Wells Fargo)
- CNP -0.8% (downgraded to Underperform from Neutral at BofA/Merrill)
