Gapping down
In reaction to disappointing earnings/guidance:
- STLD -2%
Other news:
- BHVN -29.6% (files mixed securities shelf offering; commences underwritten public offering of $300 mln of common shares)
- RMTI -26.3% (commenced an underwritten public offering of common stock)
- UBX -12.8% (announces results from its Phase 1 study of UBX0101)
- CALA -9.8% (commences underwritten public offering of 10 mln shares of common stock)
- PACB -7.2% (UK's CMA finds that Illumina's (ILMN) proposed takeover of PacBio raises competition concerns in the supply of specialist DNA sequencing systems in the UK
- SRNE -2.5% (files for ~1.33 mln share common stock offering by selling shareholders)
Analyst comments:
- KBH -1.5% (downgraded to Underperform from Mkt Perform at Raymond James)
- IHG -1.4% (downgraded to Underweight from Equal Weight at Barclays)
- ORCL -0.5% (downgraded to Neutral from Outperform at Macquarie)
- SCHW -0.5% (downgraded to Hold from Buy at Deutsche Bank)