Gapping down
In reaction to disappointing earnings/guidance:
- NTRI -26.7%, CRZO -16.9%, VERI -13.7%, FIT -12.3%, LNTH -9.0%, AMAG -5.3%, FMS -4.2%, PRGO -3.9%, EXEL -3.5%, AZO -3.5%, CRI -0.6%.
Other news:
- NSPR -22.6% (Announces pricing of 1 mln shares of common stock at $3.00/share; Announced proposed public offering of common stock pursuant to S-3 declared effective on February 23; Company and the Series D Investor entered into a waiver agreement on Feb 26),
- TYME -17.5% (commences underwritten public offering of up to 12 million shares of its common stock),
- SN -1.8% (Sanchez Energy ticking higher after announcing will pay dividends on Series A and B Convertible Perpetual Preferred Stock in cash -previously paid in common stock),
- SRNE -5.1% (Concludes that the unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2017 should no longer be relied upon),
- WTW -1.4% (following NTRI results),
- ZSAN -1% (after 70%+ move higher on the day),
- PFE -0.7% (files mixed securities shelf offering),
- JPM -0.6% (Following release of Investor Day presentation; Presentation underway).
Analyst comments:
- NTRI -26.7% (Target lowered to $52 at B. Riley FBR, Inc. following earnings/guidance),
- AKCA -20.3% (Multiple downgrades),
- VERI -15% (Target lowered to $10 at B. Riley FBR, Inc. on lower ests),
- CRZO -14.4% (Multiple downgrades),
- NGVT -1.3% (Downgraded to Hold from Buy at Loop Capital).
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