Gapping down
In reaction to earnings/guidance:
- SAGE -48.2%, ADTN -12.2%, GOGO -6.8%, TSN -5.7%, BNTX -3.6%, FRPT -2.4%
Other news:
- YELL -53.2% (misses on top and bottom lines)
- NVST -10.5% (announces $435 mln proposed convertible senior notes due 2028 offering)
- FLR -4% (proposes private offering of $500 mln of convertible senior notes)
- IEP -3.9% (discloses SEC requested info on June 21)
- BIIB -2.3% (receives FDA approval for ZURZUVAE)
- TNP -2% (files for $500 mln mixed securities shelf offering)
- VRT -2% (secondary offering of 20 mln shares of common stock)
- CPB -1.7% (Campbell Soup (CPB) to acquire SOVO for $23/share; expects deal to be accretive to adj. EPS by year two)
- FTI -1.2% (files mixed shelf securities offering)
- MAC -1.1% (files mixed shelf securities offering) .
Analyst comments:
- FE -1.2% (downgraded to Neutral from Buy at UBS)
- LUV -1.2% (downgraded to Sell from Neutral at Redburn)
- AAL -0.9% (downgraded to Neutral from Buy at Redburn)