Gapping down
In reaction to disappointing earnings/guidance:
- PAGS -12.9%, GME -11.8%, ASYS -10.2%, ZUO -9%, YEXT -8.9%, LH -4.8%, PVH -4.3%
Other news:
- VSLR -15.3% (prices secondary offering of 8 mln shares of its common stock at a price to the public of $5.50 per share)
- SFM -10.5% (announces departure of CEO Amin Maredia, effective December 30)
- MAR -5.8% (announces Starwood guest reservation database security incident)
- DVAX -5.2% (Dynavax informed by collaborator AstraZeneca that initial high-level results from a Phase 2a study indicate AZD1419 did not meet primary endpoint)
- ABR -3.4% (prices offering of 8.7 mln shares of common stock)
- ARWR -2.8% (files for 3,260,869 share common stock shelf offering by selling stockholder)
- IQV -1.5% (announces launch of secondary public offering of 6.0 mln shares of common stock by selling stockholders; intends to repurchase from the underwriter 2,000,000 shares)
Analyst comments:
- CREE -2.9% (downgraded to Underweight from Neutral at JP Morgan)
- GS -2% (downgraded to Neutral from Buy at BofA/Merrill)
- WAT -1.5% (downgraded to Sell from Neutral at Goldman)