Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- PTX -31.9%, TEAR -15%, ETRM -12.3%, DKS -12%, IPDN -11.9%, VOXX -9.9%, HOTR -9.5%, SSYS -6.6%, PRKR -6.6%, EDIT -5%, AMRS -4.7%, OCN -3.8%, HTGM -3.8%, SBBP -3.4%, CYRN -2.2%, CRME -1.7%, NETS -1.4%,KMDA -1.2%
Other news:
- KRNT -6.8% (announces the launch of an underwritten secondary public offering of 4.25 mln ordinary shares by its largest shareholder, Fortissimo Capital )
- OMAM -4.6% ( announces the launch of a public offering of 17.3 mln of its ordinary shares by Old Mutual plc (ODMTY); OMAM agrees to repurchase 5 mln ordinary shares)
- PFGC -2.2% (prices 14,092,206 common stock offering by selling stockholders The Blackstone Group at $27.50/share)
- APD -1.8% (attributed to block trade pricing; also Pershing Square Capital / Bill Ackman disclosed decreased position and Senator Investment Group -- Alexander Klabin and Douglas Silverman -- closed out positions)
- FISI -1.3% (commences underwritten public offering of $40 mln of its common stock)
- EVH -0.8% (upsizes and prices secondary offering by selling shareholders of 7 mln shares of common stock at $24.65 per share)
Analyst comments:
- NK -7.8% (downgraded to Sell from Neutral at Citigroup )
- MELI -1.7% (downgraded to Neutral from Overweight at JP Morgan)
- PFE -1.7% (downgraded to Sell from Neutral at Citigroup)
- TAL -1.7% (downgraded to Neutral from Buy at Goldman)
- MDC -1.2% (downgraded to Underperform from Market Perform at Wells Fargo)
- CHD -0.6% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- VLO -0.5% (downgraded to Neutral from Buy at Goldman)