Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- N/A.
M&A news:
- D -4.7% (Dominion Energy and SCANA Corporation (SCG) announce a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock, the equivalent of $55.35/per share; accretive)
- MGI -6.8% (Moneygram and Alibaba's (BABA) Ant Financial Services Group mutually agreed to terminate merger )
Other news:
- ATRA -4.1% (commences underwritten offering of $100 mln of common stock)
- HHC -2.9% (Howard Hughes announces that Pershing Square (PSHZF) intends to offer for sale in underwritten public secondary offering 2.5 mln shares of common stock), CCIH -2.4% (after seeing afternoon surge higher)
- GNW -1.9% (weakness on CFIUS news)
- SRE -1.8% (announced proposed public offerings of common stock and mandatory convertible; details recent U.S. tax legislation that may materially adversely affect financial condition)
- MTP -1.4% (after 75% jump in stock price today)
- JNP -1% (Juniper Pharma sees Continued strong double-digit revenue growth for CRINONE and JPS in 2018; Preclinical data supports advancement of Intravaginal Ring technology platform)
Analyst comments:
- CYH -7.6% (initiated with a Sell at Goldman)
- W -3.1% (downgraded to Neutral from Buy at BofA/Merrill)
- HOG -2.8% (downgraded to Underperform from Neutral at Longbow)
- TEVA -1.5% (initiated with a Underperform at Leerink Partners)
- CPE -1.5% (downgraded to Neutral from Buy at Citigroup)
- AMG -1% (downgraded to Neutral from Outperform at Credit Suisse)
- IVZ -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)