Gapping down
In reaction to disappointing earnings/guidance:
- RECN -15%, LNDC -14.8%, ODP -11.4%, TSLA -9.9% (Q1 deliveries; expects Q1 net income to be negatively impacted) SECO -2.8%, ISCA -0.6%
Other news:
- AVEO -29.8% (prices public offering of 21,739,131 shares of common stock and short-term warrants to purchase up to 21,739,131 shares of common stock at a price to the public of $1.15)
- RWLK -7.4% (prices direct offering of ordinary shares for $4.25 mln)
- SGMO -6.5% (proposed public offering of common stock)
- BZUN -6.1% (proposed offering of up to $225 mln in aggregate principal amount of convertible senior notes due 2024)
- DBVT -5.6% (prices global offering of an aggregate of 5,217,392 ordinary shares, including 3,329,784 American Depositary Shares which priced at $6.75/share)
- RRGB -2.7% (announces retirement of CEO Denny Marie Post; Board of Directors forms search committee; Board Chair Pattye Moore to serve as Interim CEO; provides QTD comps update)
- TCDA -2.2% (prices public offering of 5.6 mln shares of its common stock at a public offering price of $36.00 per share)
Analyst comments:
- MU -3.6% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- ROKU -2.6% (downgraded to Neutral from Buy at Guggenheim)
- BHF -2.1% (downgraded to Sell from Neutral at Citigroup)
- AABA -1.3% (downgraded to Neutral from Overweight at JP Morgan)
- LYV -0.9% (downgraded to In-line from Outperform at Evercore ISI)
- CMA -0.8% (downgraded to Neutral from Overweight at JP Morgan; downgraded to Neutral from Buy at Goldman)