Gapping down
In reaction to disappointing earnings/guidance:
- TLRD -18%, MIK -15.6%, FRED -2.9%
Other news:
- KTWO -7.3% (announces private offering of $65.0 million aggregate principal amount of convertible senior notes)
- CISN -3.1% (announces 12.0 mln share offering by selling shareholders)
- MYL -3% (received FDA update concerning pending approval for generic Advair Diskus; FDA identified minor deficiencies to be relayed in Complete Response Letter on June 27, 2018)
- CGC -2.4% (to offer C$400 mln aggregate principal amount of convertible senior notes due 2023 )
- EXK -2.2% (entered into at-the-market offering of up to $35.7 mln )
- ASUR -2.1% (to offer common stock in an underwritten public offering by Asure and iSystems Holdings selling stockholder)
- TAL -1.9% (following Muddy Waters report)
Analyst comments:
- TEX -4.2% (downgraded to Sell from Neutral at Goldman)
- ORCL -2.3% (downgraded to Neutral from Overweight at JP Morgan)
- KSS -1.7% (downgraded to Neutral from Buy at Citigroup)
- XPO -1.7% (downgraded to Neutral from Buy at BofA/Merrill)
- SPOT -0.5% (initiated with a Hold at Deutsche Bank; tgt $155)
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