Gapping down
In reaction to disappointing earnings/guidance:
- ARLZ -17.8%, NVRO -17.6%, HTZ -7.7%, ZG -7.2%, HLTH -6.3%, JCOM -6%, SN -6%, RYAM -5.3%, AVEO -4.5%, ORA -4.4%, JD -3.4%, USFD -3.3%, MLM -3.2%, ACM -3%, TREX -2.8%, FOLD -2.7%, DISCA -2.4%, RMBS -2.3%, MOS -2%, TRMB -1.8%, DISH -1.6%, NTR -1.6%, BKD -1.1%, SNHY -1%
Other news:
- CAPL -19.3% (reduces quarterly distribution)
- INWK -7% (postpones earnings; to restate prior financials)
- AXGN -3.6% (commences 2 mln common stock offering)
- WTW -3.4% (to offer for sale in underwritten secondary offering 6,500,000 shares of common stock by holder; files common stock shelf offering for an undisclosed amount by a selling shareholder)
- SR -3.1% (commences 2 mln common stock offering)
- TSEM -1.8% (cont weakness)
- ADSW -1.5% (announces secondary offering 11,987,453 shares of common stock by selling stockholders)
Analyst comments:
- XL -0.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
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