Gapping down
In reaction to disappointing earnings/guidance:
- LE -14.2%, REVG -9.5%, GWRE -8.2%, TENB -6%, ZS -3.6%, DOCU -2.7%, MDB -2.7%, OLLI -1.1%
Other news:
- IOVA -14.5% (may be attributed to World Conference on Lung Cancer full abstracts being released yesterday; co presented at HC Wainwright conference midday and is scheduled to present at Wells Fargo conf today)
- PRQR -14.2% (to offer $75 mln ordinary shares in underwritten public offering)
- KALV -5.1% (to offer shares of common stock in underwritten public offering)
- DRNA -4.7% (proposes underwritten registered public offering of 6.15 mln shares of common stock)
- CGC -4% (modestly pulling back from new all time highs; completed purchase of Hiku)
- CRON -3.2% (in sympathy with TLRY)
- VIAB -1.5% (after seeing late strength on reports that CBS, National Amusements are in settlement talks)
- FHB -1% (announces pricing of secondary offering of 20 mln shares of its common stock for total gross proceeds of ~ $577 mln)
- VLRS -0.9% (Aug Traffic)
Analyst comments:
- TLRY -7.4% (downgraded to Market Perform from Outperform at Northland Capital)
- BEN -1.7% (downgraded to Underweight from Neutral at JP Morgan)
- COP -0.9% (downgraded to Neutral from Buy at BofA/Merrill)
- SBGI -0.9% (downgraded to Neutral from Buy at B. Riley FBR)
- RAD -0.7% (resumed with a Sell at Goldman)
- CVX -0.6% (downgraded to Neutral from Buy at BofA/Merrill)
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