Gapping down
In reaction to disappointing earnings/guidance:
- BBBY -16.8%, AXTI -6.2%, (lowers Q1 revs guidance), APOG -5.8%, AGX -4.3%
Other news:
- CYRN 23.6% (discloses that it has signed a material contract with one of the world's largest technology companies)
- NVAX -17.3% (prices underwritten public offering of 30,303,050 shares of common stock at a price to the public of $1.65 per share)
- COOL -12.6% (announces common stock offering)
- DQ -6.2% (to offer 2 mln ADSs in follow-on public offering)
- XELA -4.2% (prices offering by selling shareholders of of 7 mln shares of common stock at $5.00 per share)
- AWK -1.3% (prices registered underwritten offering of 2.32 mln shares of its common stock at a price per share of $80.50)
- BLMN -0.8% (Barry Rosenstein's Jana Partners lowers active stake)
Analyst comments:
- ELLI -2.7% (downgraded to Underperform at Wedbush)
- SLCA -1.9% (downgraded to Neutral at Goldman)
- PBYI -1.8% (downgraded to Equal Weight from Overweight at Barclays)
- BMY -1.1% (target lowered to $70 from $78 at Citigroup)
- NTES -0.7% (resumed with a Underweight at JP Morgan)
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