Gapping down
In reaction to earnings/guidance:
- OMI -8.6% (lowers guidance; names new CFO), PHG -8.2%
Other news:
- CCJ -12.4% (CCJ and BEP form partnership to acquire Westinghouse Electric; also announces $650M bought deal offering; also provides Q3 operating update)
- TCN -2.7% (sells interest in multi-family portfolio)
- CTO -2.4% (files $500 mln mixed securities shelf offering)
- BBAI -1.6% (CEO steps down; names former IBM exec as new CEO)
- EGRX -1.3% (files $200 mln mixed securities shelf offering; also submitted an investigational new drug application to the FDA for CAL02 for the treatment of severe community-acquired bacterial pneumonia)
- RCUS -1.2% (files for 11613029 offering by selling shareholder)
- ADEA -1.1% (Canadian court decision)
- APAM -1% (reports September AUM)
Analyst comments:
- COO -2.5% (downgraded to Hold from Buy at Jefferies)
- PLTK -1.1% (downgraded to Neutral from Buy at BTIG Research)
- BA -0.8% (initiated with an Underperform at Credit Suisse)