Gapping down
In reaction to disappointing earnings/guidance:
- SAFM -9.4%, LB -5.3%, NTAP -3.2%, TOUR -2.6%, WUBA -2.4%, BBY -2%, HRL -0.6%
Select foreign auto names showing weakness following reports that Trump Administration is considering tarrifs on new imported autos :
- TTM -4.4%, FCAU -1.8%, TM -1.4%
Other news:
- REPH -48.9% (received a CRL from the FDA Office of Drug Evaluation II regarding the NDA for IV meloxicam)
- QUIK -25% (prices $15.5 mln common stock at $1.38)
- MLNT -9.2% (prices upsized 22 mln share common stock offering at $5.00/share)
- EIGR -5.4% (commences an underwritten public offering of common stock)
- DB -4.9% (will significantly reshape its Equities Sales & Trading business; the bank aims to reduce headcount in this area by approx 25%)
- AGNC -3.2% (announces public offering of 30.0 mln shares of common stock)
- SAIL -2.4% (prices upszied public offering of 17.8 mln shares of common stock offering by selling stockholders at $22.50/share)
- FND -1% (announces secondary offering of 10 mln shares of common stock by funds affiliated with Ares Management (ARES) and Freeman Spogli; also files mixed securities shelf offering )
- CASY -0.8% (following late volatility on JANA stake speculation)
Analyst comments:
- KPTI -5.6% (downgraded to Neutral from Outperform at Wedbush)
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