Gapping down
In reaction to earnings/guidance:
- PATH -8.3%, SMAR -3.8%, SHW -2%, REVG -1.8%, GENI -1.1%, PHM -0.6%
Other news:
- MGNX -9.7% (presents data for SOPHIA study of MARGENZA, did not demonstrate statistically significant advantage over trastuzumab)
- COTY -9.5% (prices secondary offering of 50,000,088 shares of common stock at $8.53 per share)
- IMPL -5.5% (stock offering)
- MRVI -5.5% (stock offering)
- INMB -4.7% (stock offering)
- .RADI -4.7% (convertible notes offering)
- OPCH -4.2% (prices secondary offering of 9.2 mln shares of common stock at $26.90 per share)
- OCDX -4.1% (stock offering)
- AGL -3.6% (stock offering)
- BMBL -3.5% (stock offering)
- VRT -3.3% (to acquire E&I Engineering Ireland Limited and its affiliate Powerbar Gulf (E&I) for ~$1.8 bln upfront plus potential for up to $200 mln in cash; lowers guidance)
- NIO -3.1% (announces at-the-market offering of up to US$2.0 bln of its ADSs)
- COIN -3.1% (subsidiary received "Wells Notice")
- NGMS -3% (stock offering)
- MCFE -2.9% (stock offering)
- ALEC -2.7% (COO and CMO are stepping down)
- HLNE -2.3% (stock offering)
- OSMT -2.3% (entered into $75 mln Controlled Equity OfferingSM)
- ID -2% (OE parts unit continue to be a high-growth area for PARTS iD, with the Company reporting 350% OE business growth in H1 2021 compared to H1 2020)
- APO -1.4% (clients to acquire up to a 50% equity stake in MaxCap Group)
- BLUE -1.2% (names new CFO)
- GENI -1.1% (expands partnership with WynnBET)
- KXIN -1% (announces "promising" sales forecasts for the POCCO brand electric vehicles manufactured by Henan Yujie Times Automobile) .
Analyst comments:
- UHS -2.5% (downgraded to Sell from Neutral at Goldman)
- RF -1% (downgraded to Equal-Weight from Overweight at Stephens)