Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- GES -13.6%, ARTX -13.4%, TROV -8.6%, INO -6.8%, PLX -6.3%, CNAT -5.3%, CVRS -2.9%, INSY -2.8%
- KPTI -2.7%, TTNP -2.5%, BCEI -1.7%, GV -1.7%, KNDI -1.2%
Other news:
- IPI -12% (prices a 43.54 mln share underwritten public offering of common stock for gross proceeds of about $52.3 mln)
- AVID -6.5% (Postpones conference call to discuss Q4 financial results)
- PEN -4.1% (Commences an underwritten public offering of 1.3 mln shares of its common stock)
- ELF -1.3% (Files for $175 mln offering of common stock by selling stockholders)
Analyst comments:
- BIIB -2.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CIEN -1.6% (downgraded to Neutral from Buy at Goldman; removed from Conviction Buy List)
- SIRI -1.5% (downgraded to Hold from Buy at Wunderlich)
- MASI -1.2% (downgraded to Neutral from Overweight at Piper Jaffray)
- UTHR -1% (initiated with a Underperform at Credit Suisse)