Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- KORS -5.1%
Select oil/gas related names showing early weakness with Crude futures down over 2% in pre-mkt:
- WLL -2.6%, MRO -2%, PBR -1.7%, DVN -1.4%, STO -1.1%, TOT -1%, CVE -0.9%, SLB -0.8%, RIG -0.8%
Other news:
- AKTX -16.8% (CEO resigns, company discloses inaccuracy in previously reported interim analysis of ongoing Phase 2 PNH trial of Coversin)
- GEMP -13.2% (President and CEO Mina Sooch resigns)
- ARI -4.3% (Commences 12 mln common stock offering)
- ACIA -1.9% (identified a quality issue; believes it affects a portion of the ~1,300 AC400 units and 5,000 CFP units manufactured by one of its three contract manufacturers)
- HAIN -1.5% (Receives lender waiver and extension of credit facility to June 15th)
- CXRX -1.2% (notified by the UK's CMA that it intends to continue with its pricing investigation at this time)
Analyst comments:
- IRBT -1.6% (downgraded to Hold from Buy at Canaccord Genuity)