Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AOBC -15.3%, FNSR -3.3%, COO -3.3%
Other news:
- AQMS -18.3% (commences common stock offering)
- TELL -13.9% (prices $10 mln shares of common stock at $10.00 per share)
- CVO -10.9% (Rotation Capital Management liquidates stake)
- GSAT -7.9% (announced an offering of 38,000,000 shares of voting common stock by holders)
- PRTY -4.5% (Party City launches 10 mln share secondary offering by selling stockholders and repurchase of common stock)
- FENC -3% (to offer common shares in an underwritten public offering)
- ERIC -1% (restated financials for new segments for 2015 - 2017 is now published; goodwill re-allocation and impairment testing will now begin and be completed in the Q4 closing)
Analyst comments:
- CIEN -1.3% (downgraded to Neutral from Overweight at Piper Jaffray)
- JCI -1.3% (downgraded to Sell from Neutral at Goldman)
- BLL -1.1% (downgraded to Underweight from Sector Weight at KeyBanc Capital Mkts)
- JBT -1.1% (downgraded to Underperform from Neutral at BofA/Merrill)