Gapping down
In reaction to disappointing earnings/guidance:
- RHT -14.4%, SGH -1.9%
Select RHT related names trading lower in sympathy:
- NOW -1.8%, WDAY -1.1%, SPLK -1%, CRM -0.5%
Other news:
- YTRA -7.9% (prices 9 mln ordinary shares at $5.50/share)
- XERS -1.4% (IPO modestly pulling back after closing up 35% on the first day of trade)
- CDTX -1% (files for 12,499,997 share common stock offering by selling shareholders)
- NRZ -0.9% (commences secondary offering of 3,694,228 shares of common stock by holders pursuant to an exercise of options by FIG and/or its affiliates/employees )
- TSG -0.8% (upsizes and prices 25 mln shares of common stock at $38.00 per share)
Analyst comments:
- INGR -0.6% (downgraded to Equal-Weight from Overweight at Stephens)
- VRX -0.8% (downgraded to Hold from Buy at TD Securities)
- NKE -0.8% (downgraded to Neutral from Buy at Buckingham Research)
- ECL -1.2% (downgraded to Underweight from Neutral at JP Morgan)
- KLAC -1.2% (downgraded to Hold at Needham)
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