Gapping down
In reaction to disappointing earnings/guidance:
- TME -7.1%, FDX -6.7%, WPRT -5.3%, AIR -5.1%, FNV -0.9%
Other news:
- ENTA -6.5% (attributed to block trade pricing)
- NOMD -3.8% (prices underwritten public offering of 17,391,305 of its ordinary shares at a public offering price of $20.00 per share)
- NSTG -3.6% (rebounding from 11% decline)
- UPS -2.6% (following FDX results)
- VIAB -2% (released statement on AT&T-DirecTV - says AT&T's 'unwillingness to engage in constructive conversations' could force a disruption in service)
- DERM -1.6% (prices underwritten public offering of 9,811,321 shares of its common stock at a price to the public of $13.25 per share)
- UBS -1.5% (CEO at conference says Q1 was 'one of the worst environments' in recent years)
- XPO -1% (following FDX results)
- CDAY -0.7% (prices upsized underwritten secondary public offering of 13 mln shares of common stock at a public offering price of $50.50 per share)
- INVH -0.6% (prices secondary offering of 43 mln shares of common stock at $23.30 per share)
Analyst comments:
- COOP -4.7% (upgraded to Mkt Outperform from Mkt Perform at JMP Securities)
- SNE -2.5% (downgraded to Hold from Buy at Jefferies)
- MNST -2.1% (downgraded to Neutral at Goldman and removed from Conviction Buy List)