Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
M&A news:
- YUME -3.1% (to be acquired by RhythmOne plc for $185 mln)
- UTX -1.5% (Rockwell Collins (COL) to be acquired by United Technologies for $140.00 per share)
Select China related names showing weakness:
- MOMO -2.1%, CTRP -1.2%, BZUN -1%, WB -1%, JD -0.9%, BIDU -0.5%
Other news:
- CLLS -30.3% (receives notice of clinical hold by FDA on both UCART123 ongoing Phase 1 studies)
- RADA -8.2% (files for 3,549,071 ordinary share offering by holders)
- CYTX -7.3% (announced 'substantial' corporate restructuring intended to significantly reduce expenses)
- JUNO -2.9% (modestly pulling back following last week's 36% advance), PTGX -2.6% (files $200 mln mixed securities shelf offering)
Analyst comments:
- CLMT -2.4% (downgraded to Neutral from Buy at Janney)
- PANW -1.2% (initiated with a Underperform at Credit Suisse)
- TEF -0.7% (downgraded to Neutral from Overweight at JP Morgan)
