Gapping down
In reaction to disappointing earnings/guidance:
- APOG -6.7%, AZO -5.8%, CBRL -5.8%, BWA -4.7%, ORCL -4.4%, GIS -3.9%, FDX -2.2%
M&A news:
- ATHN -11.2% (Elliott Management plans to back away from bid for ATHN, according to NY Post)
Other news:
- PSDO -12.1% (announces underwritten secondary offering of 3.0 mln shares of common stock by selling shareholders)
- EROS -2.8% (files for 3,111,088 A ordinary share offering by selling shareholders )
- ARGX -2.3% (launches $300 mln proposed public offering in the United States)
- SONO -1.9% (lower on reports that Amazon plans to release at least eight new devices powered by Alexa)
- CFFN -1.1% (files for approx 2.96 mln share common stock shelf offering by selling securityholders)
Analyst comments:
- WK -6.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- FTNT -1.8% (downgraded to Neutral from Buy at UBS)
- RHT -1.7% (downgraded to Neutral from Overweight at JP Morgan)
- UAL -1.4% (downgraded to Neutral from Outperform at Macquarie)
- PRI -0.9% (downgraded to Sell from Neutral at Citigroup)
- PLYA -0.9% (downgraded to Neutral from Buy at Nomura)