>>> US Gapping down


Gapping down

Gapping down (With US futures down 1%, many stocks are trading lower with the market. The following are specific to news items)
In reaction to disappointing earnings/guidance:

  • NA.

Other news:

  • TELL -10.1% (prices 12 mln shares of common stock)
  • PAGS -9.5% (files for 33,000,000 share common stock offering by company and selling shareholders; including 11,550,000 Class A common shares to be sold by company)
  • DEA -4.3% (announces agreement to acquire 1,479,762 SF U.S. Government Leased Portfolio; commences public offering)
  • RYTM -1.7% (files for $150 mln mixed securities shelf offering)
  • SNY -1.6% (names Jean-Baptiste Chasseloup de Chatillon CFO)

Analyst comments:

  • FTNT -2.3% (downgraded to Market Perform from Outperform at Cowen)
  • RHT -2.1% (downgraded to Mkt Perform from Outperform at Raymond James)
  • CMC -1.7% (downgraded to Underperform from Neutral at BofA/Merrill)
  • FFIV -1.2% (downgraded to Neutral at Citigroup)