Gapping down
In reaction to disappointing earnings/guidance:
- AOBC -7%, SCS -4.2%, CMC -2.4%, MEI -1.7%
Other news:
- LMNR -14.3% (to acquire a ranch and related assets of Fruticola San Pablo S.A in La Serena, Chile for $13 million; prices 2,727,272 common stock offering at $22.00/share)
- VERI -11.6% (commenced an underwritten public offering of shares of its common stock)
- CLPS -8.9% (following 55% move higher following Chairman update to shareholders)
- TRUP -7.2% (proposed public offering of common stock)
- YTRA -5.2% (to launch follow-on offering of approximately 8.5 million of its ordinary shares)
- FCEL -3.6% (FuelCell Energy notified by POSCO (PKX) in writing MOU will terminate effective July 15, 2018)
- WIX -1.7% (commences $350 mln offering of Convertible Senior Notes due 2023)
- GOOS -1.6% (to offer for sale 10 mln subordinate voting shares by shareholders, including executive officers and directors ), .
Analyst comments:
- ARRS -2% (downgraded to Sell from Neutral at Goldman)
- SIRI -1.6% (downgraded to Sell at Goldman)
- PH -1.5% (downgraded to Market Perform from Outperform at Wells Fargo)
- NKE -0.8% (downgraded to Neutral from Buy at UBS)
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