Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- EDU -4%, PFBC -2.8%, ZION -2.1%, NBTB -2%, PG -1.4%, BKU -0.5%, SSL -0.5%
Other news:
- LTBR -7.8% (after closing up more than 50%)
- ADMS -6.8% (commences $85 mln common stock offering)
- STML -5.3% (announces public offering of 3.7 mln shares of its common stock )
- INSM -5.2% (ticking lower; commences $300 mln offering of convertible senior notes due 2025)
- HSGX -3.5% (prices offering of 2,340,430 shares of common stock at a price of $2.35 per share)
- RARE -1.8% (commences $175 mln common stock offering)
- SHLD -1.7% (to commence exchange offers)
- CBIO -1% (files for $150 mln mixed securities shelf offering )
Analyst comments:
- GPRO -4.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley )
- CRTO -2.5% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- ANET -2.2% (downgraded to Hold from Buy at Deutsche Bank)
- FTNT -2.2% (downgraded to Hold from Buy at Deutsche Bank)
- W -2.4% (downgraded to Hold from Buy at Stifel)
- BIDU -1.3% (downgraded to Hold from Buy at Jefferies)
- S -1% (downgraded to Underperform from Neutral at Macquarie)
- HPQ -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)