Gapping down
In reaction to disappointing earnings/guidance:
- LEVI -5.6%
M&A news:
- ALL -2.6% (to acquire NGHC for $34.50 per share)
Other news:
- HQY -7.1% (commences underwritten public offering of $250 mln of shares of common stock)
- ETNB -7% (prices offering of 2,649,600 shares of its common stock at $27.50 per share)
- ARGO -4.8% (prices offering of 6,000,000 Depositary Shares, each of which represents a 1/1000th interest in a share of the Company's newly designated 7.00% Resettable Fixed Rate Perpetual Non-Cumulative Preference Shares, Series A)
- ASND -3.1% (prices offering of 4,225,352 ADSs at $142.00 per ADS)
- VIR -1.9% (prices of 7,142,857 shares of its common stock at $42.00 per share)
- INSG -1.5% (files for $80 mln convertible offering by selling stockholders and shares issuable upon conversion)
- FB -0.6% (NY Times reports that co failed to win over group running ad boycott)
Analyst comments:
- NOK -3.2% (downgraded to Neutral from Overweight at JP Morgan)
- NBR -2.8% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- HUBS -1.6% (downgraded to Neutral from Buy at Mizuho)
- VSTO -1.6% (downgraded to Neutral from Buy at B. Riley FBR)