Gapping down
In reaction to earnings/guidance:
- RENT -24.5% (also announces restructuring plan; includes 24% workforce reduction), BRZE -5.9%, EMN -3% (guidance), CAH -1.1% (reaffirms outlook)
Other news:
- CRDF -19.6% (announces plans for trial in mCRC in ongoing Phase 1b/2 trial)
- RVNC -6.4% (prices offering of 8 mln shares of common stock at $25.00 per share)
- DRVN -6.2% (prices secondary offering of 7.0 mln shares)
- FWRG -4.1% (files for 4.5 mln share offering by selling shareholders)
- CEQP -3% (AM to acquire Marcellus Shale assets from CEQP for $205 mln; prices secondary offering of 11.4 mln common units by certain subsidiaries of Chord Energy (CHRD) for gross proceeds of $306.7 mln)
- MDXG -2.5% (receives reimbursement approval from Japanese Ministry of Health for EPIFIX)
- ESE -2.5% (CEO to retire names new CEO)
- U -1.9% (APP confirms it does not intend to submit another proposal to combine with U and has withdrawn its initial proposal)
- SRPT -1.5% ($1 bln convertible notes offering)
- RLAY -1.4% (prices offering of 11320755 shares of its common stock at $26.50 per share)
- VCTR -1.3% (reports August AUM)
- WKME -0.9% (CFO to step down)
Analyst comments:
- ANAB -1.9% (downgraded to Hold from Buy at Truist)
- ADBE -0.4% (downgraded to Market Perform from Outperform at BMO Capital Markets)