Gapping down
In reaction to disappointing earnings/guidance:
- JKS -7.2%
Other news:
- HRTX -4.3% (announces public offering of approx. $200 mln shares of common stock)
- SENS -3.9% (prices registered underwritten public offering of its common stock for proceeds of $130 mln)
- MOMO -2.2% (to offer $650 mln in aggregate principal amount of convertible senior notes due 2025)
- FTV -1% (commences $1 bln offering of its Mandatory Convertible Preferred Stock)
Analyst comments:
- INTC -2% (downgraded to Underperform from Mkt Perform at Bernstein)
- SIRI -1.6% (downgraded to Underweight from Equal Weight at Barclays)
- MGM -1.5% (downgraded to Neutral from Buy at Goldman; removed from Conviction Buy List)
- INCY -1.4% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- UCBI -1.1% (downgraded to Hold from Buy at SunTrust)
- SQ -0.8% (downgraded to Equal-Weight from Overweight at Stephens)
- SO -0.7% (downgraded to Hold from Buy at Deutsche Bank)