Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- SAIC -10.1%, CAKE -6.1%, (Comp guidance) SMG -3.5%
Other news:
- REED -13% (COO Mark Beaton resigned effective close of business on June 19, 2017; also files for offering of 2,550,000 shares of common stock by holders, consisting of 1,133,333 shares issuable upon conversion of a promissory note and 1,416,667 shares issuable upon the exercise of 2017-2 warrants)
- XLRN -7.9% (announces top-line results from DART Phase 2 Study of dalantercept in advanced renal cell carcinoma; to discontinue development)
- GTXI -4.4% (modest pull back following yesterday's 98% gain)
- ADC -2.2% (commences underwritten public offering of 2.1 mln shares of its common stock)
- FR -1.8% (commenced 2.56 mln share common stock offering)
- HCLP -1.6% (being attributed to SLCA plant plans)
- EMES -1.5% (being attributed to SLCA plant plans)
Analyst comments:
- MELI -2.3% (downgraded to Neutral from Buy at Goldman)
- SHOP -1.9% (downgraded to Neutral from Buy at Goldman)
- LNG -0.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- ORAN -0.9% (downgraded to Neutral from Buy at BofA/Merrill)
- FL -0.6% (downgraded to Hold from Buy at Argus)