Gapping down
In reaction to earnings/guidance:
- XENT -15% (issues downside Q1 revs guidance and withdraws 2020 guidance), OGI -11%, INSP -2.8% (guides for Q1 revs; withdraws 2020 guidance, announces stock offering), CLF -1.2% (temporarily idling production at two of its iron ore mining operations), LAD -0.8% (guides Q1 EPS below consensus; says March vehicle unit sales fell 50%)
Other news:
- CORR -31.4% (expects to recommend to the board a reduction in its dividend)
- INSP -3% ( prices offering of 2 mln shares of common stock at $58.00 per share)
- FSM -2.6% (reports sliver production declined 19% yr/yr; withdraws Fy20 guidance)
- LHCG -2% (to join S&P MidCap 400)
Analyst comments:
- CX -1.8% (downgraded to Neutral from Outperform at Bradesco BBI )
- AUDC -1.4% (downgraded to Hold from Buy at Needham)