Gapping down
In reaction to earnings/guidance:
- MAXN -4.8% (also announces major new initiative to expand in US solar market), RPM -1.4%, MSM -0.8%
Other news:
- FGEN -29.1% (provides clarification of certain prior disclosures on roxadustat; receives FDA notice of CRDAC date for NDA for roxadustat set for July 15)
- FIXX -11.1% (stock offering)
- GEO -9.1% (suspends quarterly dividend to maximize repayment of debt while it evaluates corporate structure)
- PHR -5.6% (stock offering)
- IONS -4.8% (announces private placement of $500 mln of convertible notes)
- UPST -4.5% (offering of 2 mln shares of its common stock)
- LI -4.3% (convertible notes offering)
- CXW -4.2% (files for mixed securities shelf offering)
- XOMA -2.8% (prices $35 mln offering of depositary shares; represent an interest in 8.375% Series B Cumulative Perpetual Preferred Stock)
- OM -1.9% (stock offering)
Analyst comments:
- VERX -2.9% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- BFAM -1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- CMS -1% (downgraded to Neutral from Buy at Seaport Global Securities)
- CS -0.6% (downgraded to Neutral from Outperform at Exane BNP Paribas)