Gapping down
In reaction to disappointing earnings/guidance:
- TVTY -37.6% (also CEO resigns), SIX -17.7%, OSUR -10.8%, NVTA -9.1%, LOPE -9.1%, VIAC -7.8%, CPRT -7.3%, TEN -7.2%, SAM -6.9%, WIX -6%, MD -5.6%, AAN -5.6%, RGEN -5.2%, SPTN -4.9%, BCOV -4.3%, CDE -3.8%, CLF -3.7%, QTWO -3.2%, CAKE -3.1%, RCM -3.1%, H -3%, SNPS -2.9%, RETA -2.7%, VMI -2.2%, CONE -2.1%, IAG -1.9%, PE -1.8%, JACK -1.8%, SO -1.8%, PAAS -1.7%, ICLR -1.3%, CAMT -1.2%, GIL -1.1%, VTR -1.1%, VC -1%
M&A news:
- MS -3.6% to acquire ETFC for $13 bln)
Other news:
- BTAI -17.6% (prices offering of 2 mln shares of common stock at $32.00 per share)
- AXGT -8.4% (prices offering of 14,031,336 shares of common stock at $3.75 per share)
- HRTX -5.9% (announces extension of review period for NDA for HTX-011; new PDUFA goal date is June 26)
- IRT -5.6% (announces 8.5 mln share offering)
- TU -3.1% (stock offering)
- TEVA -2.4% (trials for deutetrabenazine fail to meet the primary endpoint)
- APAM -1.3% (stock offering)
- ENDP -1% (names new CEO)
Analyst comments:
- BE -4.9% (downgraded to Mkt Perform from Outperform at Raymond James)
- CTL -2.5% (downgraded to Underperform from Neutral at BofA/Merrill)
- AAXN -1.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- AMD -0.7% (downgraded to Equal Weight from Overweight at Wells Fargo)