Gapping down
In reaction to disappointing earnings/guidance:
- TACO -6.5%, DSW -6.4%, REV -5.5%, UNIT -4.7%, BITA -4.1%, WAGE -3.6%, EOLS -1.9% (also secures $100 million senior debt facility with Oxford Finance - provides non-dilutive financing and increased flexibility ahead of Jeuveau U.S. launch), HQY -1.7%
Other news:
- TORC -8.8% (commenced an underwritten public offering of $50 million of shares of its common stock)
- EMES -5.2% (files to delay 10-K)
- YEXT -5.1% (prices underwritten public offering of 6.1 mln shares of its common stock at a price to the public of $21.50 per share)
- NOMD -4.9% (announces public offering of 20.0 mln of its ordinary shares)
- WHD -3.9% (commences secondary offering of 8.5 mln shares of its Class A common stock by selling shareholders)
- ECPG -3.4% (attributed to block trade)
- TWO -2.7% (commenced underwritten public offering of 18,000,000 shares of common stock)
- NSTG -2.5% (files mixed securities shelf offering and announced public offering of 4.5 mln shares of common stock pursuant to its shelf registration statement -2.5 mln by the company)
- AIZ -1.2% (secondary public offering of 7,869,230 shares of its common stock held by TPG Global at $98.70 per share)
Analyst comments:
- CNXM -3.5% (downgraded to Market Perform from Outperform at Wells Fargo)
- ENPH -3.3% (downgraded to Underperform from Mkt Perform at Raymond James)
- CWH -2.2% (downgraded to Neutral from Buy at Goldman)
- YUM -2% (downgraded to Neutral from Overweight at JP Morgan)
- IMGN -1.9% (downgraded to Underweight from Neutral at JP Morgan)
- VRTX -1.3% (downgraded to Mkt Perform from Outperform at SVB Leerink)
- CCI -0.9% (downgraded to Hold from Buy at Deutsche Bank)
- BKNG -0.5% (downgraded to Market Perform at Telsey Advisory Group)