Gapping down
In reaction to disappointing earnings/guidance:
- EB -7.6%, HALO -7.3%, GSKY -6.5%, CMD -6.4%, AIMT -5.9% (also co says pandemic has paused the commercial launch of PALFORZIA), CSOD -5.5% (also names new CEO), HTZ -4.4%, TLRY -4.2%, JCOM -4.1%, DIOD -4%, HMC -4%, AMBC -3.3%, FATE -3.2%, FSCT -3.1%, FLOW -3%, TME -2.9%, SUN -2.8%, RETA -2.6%, SGMS -2.5%, INO -2.5%, AMN -2.2%, SGMO -1.7%, OMER -1.3%, AEE -1.3%, LTHM -1.1%, CABO -1.1%, PLYA -1%, XLRN -0.9%, CVLT -0.9%
Other news:
- GNFT -65.5% (announces results from interim analysis of RESOLVE-IT Phase 3 trial; trial did not meet primary endpoint)
- STRO -20.4% (prices offering of 11 mln shares of its common stock at $7.75 per share)
- AXLA -8.4% (files for 11 mln share common stock offering)
- SQNS -7.1% (launches ADS offering; size not disclosed)
- CHEF -6% ($75 mln stock offering)
- LXP -4.6% (prices offering of 15 mln shares of common stock at $9.60 per share)
- BLK -3.2% (commences public secondary offering; announces intended $1.1 bln stock repurchase)
- REXR -2.2% (prices offering of 6.25 mln shares of its common stock, for expected gross proceeds of approximately $249.1 mln)
- NET -2.2% (offering of $500 million aggregate principal amount of Convertible Senior Notes due 2025)
- ATRC -1.4% (prices offering of 3,977,273 shares of its common stock at $44.00 per share)
- PING -1.3% (launches offering of 8.5 mln shares by selling stockholders)
- QTWO -1% (launches follow-on offering of $275 mln of its common shares)
- EQIX -1% (prices offering of 2.25 mln shares of its common stock at $665.00 per share)
Analyst comments:
- EVLO -2.4% (downgraded to Hold from Buy at Jefferies)
- ALB -1.4% (downgraded to Neutral from Buy at Goldman)