Gapping down
In reaction to earnings/guidance:
- CVGW -14.4%, AIR -6%, WOR -3.5%, BB -2.4%
Other news:
- ICCM -14.6% (proposes public offering of its common stock; size not disclosed)
- NVX -10.4% (provides update on scaling U.S. production of synthetic graphite anode materials)
- TERN -4.7% (priced its underwritten public offering of 10,350,000 shares of its common stock at $7.25/share)
- GLDD -2.8% (provides an update on Q4, says revenue and gross profit margin are expected to be lower than previously anticipated)
- GMAB -1.9% (announces that the company has submitted a Japan New Drug Application to the Ministry of Health, Labor and Welfare of Japan for subcutaneous epcoritamab)
- AEL -1.1% (reviewed and rejected an acquisition offer of $45/share from Prosperity Group Holdings LP and its principal shareholder, Elliott Investment Management)
Analyst comments:
- DENN -2% (downgraded to Neutral from Outperform at Wedbush), RDFN -1.5% (downgraded to Hold from Buy at Truist)