Gapping down
In reaction to earnings/guidance:
- SPCE -20.8%, VUZI -18%, RXT -17.7%, NVAX -13.1% (also pushes back timetable to file for EUA to Q3 from Q2), MGNI -11.4%, PLTR -10.7%, INO -10.5%, REAL -10.2%, HBI -10%, SDGR -8.9%, SAIL -8.6%, PSFE -7.1%, VLDR -6.3%, BEAM -6%, AFRM -5.1%, EGHT -5%, NCMI -4.3%, SDC -4.3%, MAC -4.2%, MESA -4%, ACM -3.7%, HHC -3.5%, SPG -3.4%, OMER -3.2%, WES -2.9%, TREX -2.6%, PRGO -2.6%, STAY -2.4%, OXY -2.2%, IMOS -1.9%, FGEN -1.6%, NSTG -1.3%, WYNN -1.3% .
Other news:
- RCKT -14.7% (RP-A501 Phase 1 trial has been placed on clinical hold; also reports earnings)
- CLNE -10.8% (files mixed securities shelf offering)
- KOD -8.4% (stock offering),
- NNDM -7.4% (files for 3,733,795 ADS offering by selling shareholders)
- PLUG -7.2% (to delay its 10-Q filing; also also provides business update)
- TSLA -6.6% (issues preliminary report for fatal, Texas, Tesla crash; Model S P100D car was equipped with "Autopilot")
- FUTU -6.1% (announces $400 mln investment in Futu Clearing for expansion of US operations)
- VCYT -5.5% (names new CEO)
- JELD -5.4% (stock offering)
- PXD -4.6% (stock offering)
- KREF -4.3% (prices secondary offering of 5 mln shares of common stock)
- DVAX -3.8% (prices $200.0 million aggregate principal amount of 2.50% convertible senior notes due 2026)
- GSM -3.1% (files for $40 mln mixed securities shelf offering)
- IR -3% (prices secondary offering by KKR Renaissance Aggregator L.P. of 14,924,081 shares of common stock at $49.00 per share)
- CPE -3% (names new CFO)
- LXP -2.9% (stock offering)
- ON -2.1% (convertible notes offering)
- INSM -1.9% (prices offerings of 10 mln shares of common stock at $25.00 per share and $500 mln of its 0.75% convertible senior notes due 2028)
Analyst comments:
- BNTX -4% (downgraded to Neutral from Buy at Bryan Garnier)
- HUN -2.4% (downgraded to Neutral from Buy at Goldman and removing from Conviction Buy List)
- HTLD -1.7% (downgraded to Neutral from Outperform at Robert W. Baird)
- ITT -1.7% (downgraded to Neutral from Buy at UBS)
- LYB -1.6% (downgraded to Neutral from Buy at Goldman)
- TSN -1.6% (downgraded to Neutral from Overweight at Piper Sandler)
- VSTA -1.3% (downgraded to Neutral from Buy at BofA Securities)
- DOW -1.1% (downgraded to Neutral from Buy at Goldman)