In reaction to disappointing earnings/guidance:
- KSS -11.8%, WWD -6.1%, HD -4.5%, ASH -3.4%, ZTO -2.6%, ARMK -1%, TDG -0.5%
Other news:
- KRTX -10.3% (files for 2.6 mln share common stock offering)
- DHT -5.6% (DHT announces that BW Group has begun an offering of 14.68 mln shares )
- M -5.1% (in sympathy with KSS)
- GSX -4.5% (files for offering of 15 mln ADS representing 10 mln Class A ordinary shares by selling shareholders), I -3.7% (continued weakness; also downgraded to In-line from Outperform at Evercore ISI)
- PFGC -3.2% (commenced a public offering of an aggregate of 9,200,000 shares of its common stock on a forward sale basis)
- EGHT -3% ( files for $75 mln shelf offering of 0.50% Convertible Senior Notes due 2024 )
- EFC -2.7% (commences public offering of 4.2 mln shares of common stock)
- LOW -2% (in sympathy with HD)
- DUK -1.3% (prices offering of 25 mln shares of common stock at $86.45 per share in connection with the forward sale agreement)
- ROKU -1.2% (files for 571,459 share Class A common stock offering by holders)
- SPCE -0.9% (files for offering of 30,999,976 shares of common stock underlying warrants)
- TGT -0.9% (in sympathy with KSS)
- WMT -0.4% (in sympathy with HD)
Analyst comments:
- MSGN -5.3% (downgraded to Sell from Neutral at Guggenheim)
- BLUE -2.6% (downgraded to In-line from Outperform at Evercore ISI)
- T -1.3% (downgraded to Sell from Neutral at MoffettNathanson)
- LEG -1.1% (downgraded to Hold from Buy at Stifel)