Gapping down
In reaction to disappointing earnings/guidance:
- HNI -19.8%, INVE -15%, WHR -9.7%, LOGI -6.3%, MAS -4.5%, WDR -3.9%, BIIB -2.9%, NVS -2.2%, R -2.2%, CNC -2%, JBLU -1.9%, PHM -1.4%, ZION -1.2%, LMT -1.1%, RMBS -0.7%, EDU -0.5%, RF -0.5%, SAH -0.5%
Other news:
- IMDZ -13.5% (commences 16 mln common stock offering)
- CRBP -7.4% (commences common stock offering)
- QURE -2% (commences 5 mln common stock offering)
- CWH -1.9% (files 6.7 mln share Class A common stock offering by selling stockholders; also provided YTD estimates -- 9-mo revs of $3.38-3.4 bln, income from ops of $314-318 mln)
- FRC -1.6% ( to sell 2 mln shares of common stock in an underwritten public offering)
- SNES -1.4% (following 70%+ surge higher)
- HTGM -1.1% (after seeing afternoon momentum - ending the day up 25%)
- AUPH -1% (Robert W. Duggan disclosed lowered active stake)
Analyst comments:
- VECO -3.4% (downgraded to Sector Weight from Overweight at KeyBanc Capital Mkts)
- RHT -2.2% (downgraded to Underperform from Neutral at BofA/Merrill)
- TERP -2.2% (resumed with a Underperform at BofA/Merrill)
- HFC -1% (downgraded to Underperform from Neutral at Macquarie)
- HBI -0.9% (downgraded to Perform from Outperform at Oppenheimer)
- GE -0.5% (downgraded to Underperform at Oppenheimer)