Gapping down
In reaction to disappointing earnings/guidance:
- AMRS -31.2%, CDLX -14.9%, VREX -8.8%, CGC -8.8%, SWCH -8.3%, TLRY -5.6%, WIX -5.2%, SSTI -1.8%, ECOR -1%
Other news:
- AMAL -12.9% (files for 2,000,000 share Class A common stock offering by selling shareholders)
- PCG -8.9% (could be subject to 'significant' liability in excess of insurance coverage)
- SNAP -4.5% (DoJ and SEC subpoenaed Snap, according to Reuters)
- LADR -3% (to offer up to 5.8 mln shares of Class A common stock in an underwritten primary public offering)
- CDNA -2.9% (prices 2 mln shares of common stock at $24.50 per share)
- W -2.5% (announces proposed offering of $500 million convertible senior notes)
- NSP -2.3% (to join S&P MidCap 400)
- USAC -1.3% (ticking lower; files for offering of approx 41.2 mln common units representing limited partner interests by selling unitholders)
- LAUR -1.2% (commences offering of 12.25 mln shares of Class A common stock by Wengen Alberta - Company's controlling stockholder)
- EQH -1.1% (files for 50 mln share common stock offering by selling stockholder AXAHY; entered into share repurchase agreement with AXA (AXAHY) to acquire 20-30 mln shares)
Analyst comments:
- SGMO -7.9% (downgraded to Neutral from Overweight at JP Morgan)
- TEN -4.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- JNCE -3.6% (downgraded to Underweight from Neutral at JP Morgan)
- CAG -3.3% (downgraded to Underperform from Mkt Perform at Bernstein)
- K -2% (downgraded to Neutral from Overweight at JP Morgan)
- CG -1.4% (downgraded to Equal-Weight from Overweight at Morgan Stanley)