Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- QTM -21.7%, CBI -19.8%, DDS -15.5%, SYNC -15.4%, XTNT -15%, IAG-14.8%, BDSI -11.1%, DOOR -11.1%, FRTA -10.4%, XONE -9.9%, GV-8.7%, FRSH -8.1%, PTLA -6.9%, NTES -6.4%, SRRA -3.4%, DAR -2.9%,SGYP -2.5%, UHAL -2.2%, APRN -1.9%, M -1.9%, CYD -1.8%, MIDD-1.4%, BGNE -1%, (also commences offering of ADRs each representing 13 of its ordinary shares for a total value of $125 mln)
M&A news:
- PPP -21.7% ( to sell its interest in the Black Fox mine and associated assets located near Timmins, Ontario to McEwen Mining (MUX) for $35 mln in cash; also reported earnings)
Other news:
- ZFGN -11.2% (files for $150 mln mixed securities shelf offering )
- DVAX -7.5% (prices 5 mln shares of common stock at $15.00 per share)
- MVIS -6.5% ( intends to offer to sell shares of common stock in an underwritten public offering)
- MX -5.9% (prices secondary offering of 4,088,978 shares of common stock at $11.10 per share)
- ESPR -2% (prices 3.1 mln shares of common stock at $49.00 per share)
- OPK -1.6% (continued volatility in pre-mkt)
- MANU -1.5% (announced the offering of 4,250,000 of its Class A ordinary shares by Red Football )
- FANG -1.4% (prices secondary offering of 3 mln shares of common stock by selling stockholders)
Analyst comments:
- ACHN -1.9% (downgraded to Neutral from Outperform at Robert W. Baird)