Gapping down
In reaction to earnings/guidance:
- LLNW -22.6%, SVMK -10.5%, CARG -8.6%, ACB -7.2%, AFRM -6.4%, NET -6.4%, BL -5.6%, VECO -4.9%, AEM -4.5%, DDOG -4.2% (also to acquire Sqreen; also acquires Timber Technologies), DXCM -3.9%, GDDY -3.1%, TEX -2.6%, NWL -2.4%, ILMN -1.7%
Other news:
- CLGN -28.2% (prices offering of 2 mln ADSs at $17.50 per ADS)
- FOLD -24.4% (reports top-line results from Phase 3 PROPEL trial; plans to complete BLA submission in Q2)
- PLX -16.8% (prices offering of 7,608,695 shares of its common stock at $4.60 per share)
- CFMS -14.9% (stock offering)
- CRVS -8.1% (stock offering)
- SPCE -8.1% (Virgin Galactic tweets "Flight test update: We have been progressing through our pre-flight preparations and, during that process, we have decided to allow more time for technical checks. We are working to identify the next flight opportunity")
- PHUN -7.5% (prices offering of 11,111,111 shares of its common stock at a price to the public of $2.25/share)
- SQZ -7% (prices its underwritten public offering of 3,000,000 shares of common stock at $20.00/share)
- CDAK -6.6% (prices offering of 2.75 mln shares of common stock at $21.00 per share)
- AGFY -4.6% (stock offering)
- BBIO -3.4% (stock offering)
- SILV -3.1% (announces US$120 mln bought deal)
- FTEK -2.5% (prices $25.8 mln private placement)
- ONCR -2.3% (prices offering of 3 mln shares of common stock at $19.00 per share)
- BASI -2.2% (new COO)
- LOTZ -1.4% (stock offering)
- CREE -1.1% (filed prospectus supplement for $500 mln common stock in "at the market" offerings)
Analyst comments:
- RIDE -5.4% (initiated with an Underweight at Morgan Stanley)
- RMO -3.5% (initiated with an Underweight at Morgan Stanley)
- CTT -1.3% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)