Gapping Down
In reaction to disappointing earnings/guidance:
- VRNT -6%, KFY -4.3%, GOL -4%, JKS -3.4%, KEYS -2.6%, OLLI -1.5%.
Other news:
- VKTX -9.7% (prices offering of 5,130,435 shares of common stock at $2.50 per share),
- NSA -5.1% (commences underwritten public offering of 5 mln common shares of beneficial interest),
- CTRP -2.2% (downgraded to Neutral at JPMorgan),
- EMES -1.6% (ticking lower; files for offering of $100 mln common units representing limited partner interests and approx 9.8 mln common units representing limited partner interests by selling unitholders),
- ROKU -0.9% (modestly pulling back).
Analyst comments:
- CTRP -1.8% (downgraded to Neutral from Overweight at JP Morgan),
- EXPE -1% (downgraded to Neutral from Buy at MKM Partner,
- PCLN -0.8% (downgraded to Neutral from Buy at MKM Partners).