>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
:
  • AVAV -5%, RYI -3.3%, CAMP -2.1%
Other news:
  • NSAT -100% (thinly traded; Norsat receives final court approval for plan of arrangement with Hytera Communications )
  • MRDN -34.7% (filed Form 424B5 relating to a potential offering of common stock and warrants to purchase shares of common stock)
  • GMRE -10.5% (commences public offering of 3.5 mln shares of its common stock; provides update to Lubbock acquisition; Surgery Partners to only guarantee ~52% of the rent payments)
  • RGEN -2.7% (prices offering of 2,807,017 shares of common stock at $42.75 per share)
  • GOOS -1.5% (prices secondary offering by existing shareholders of 12.5 mln at $20.75 per share)
  • BLUE -1.4% (prices/upsizes public offering of 3.81 mln shares of common stock at $105.00 per share)
Analyst comments:
  • QCOM -0.5% (downgraded to Market Perform from Outperform at Northland Capital)