Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- MOMO -7.8%, UNH -1.2%
M&A news:
- ROK -1.9% (Emerson withdraws its proposal to acquire ROK for $225/share due to the Boards continued unwillingness to engage in discussions about a potential combination)
Other news:
- DPW -17.8% (after 160%+ move higher on Monday)
- ASC -9.7% (Ardmore Shipping announces GA Holdings intends to offer for sale in public offering 5,579,978 shares of common stock)
- DCIX -9.1% (pulling back after closing near highs - up 33% on the day)
- PETX -6.1% (provides series of updates for Galliprant, Nocita, & Entyce; commences $35 mln common stock offering)
- GTN -3.7% (commenced an underwritten public offering of 15 million shares of its common stock)
- ISIG -3.4% (files for approx 2.3 mln share common stock offering by holders)
- SGH -2% (filed for 3,261,102 ordinary share offering by selling shareholders)
- VNTR -1.3% (Venator Materials files for 18 mln ordinary share offering by selling shareholder Huntsman Corporation)
- IQV -1% (IQVIA launches 10 mln share secondary offering by certain stockholders, including affiliates of TPG Global, CPP Investment Board Private Holdings, funds associated with Bain Capital and Leonard Green)
Analyst comments:
- EC -0.8% (downgraded to Underperform from Mkt Perform at Raymond James)