Gapping down
In reaction to earnings/guidance:
- HLF -8.2% (issues downside revenue guidance for Q3 and FY21), AVO -3.2%, ORCL -2.4%, SBRA -1.8% (reaffirms guidance, also to expand relationship with Recovery Centers of America, provides business update)
Other news:
- JAMF -5.6% (announces private placement of $325 mln in convertible notes)
- OPEN -5.2% (prices secondary offering of 28.0 mln shares)
- FIGS -4.4% ( secondary offering of 8,826,703 shares of Class A common stock by Tulco, FIGS' largest stockholder, and certain members of FIGS' management team)
- BRP -4.3% (to acquire Jacobson, Goldfarb & Scott)
- MP -3.8% (stock offering)
- LSI -2.8% (prices offering of 2.5 mln shares of common stock for gross proceeds of ~$306 mln)
- PAR -2.6% (stock offering and convertible notes offering)
Analyst comments:
- TASK -1.8% (downgraded to Neutral from Buy at BofA Securities)
- AEIS -1.4% (downgraded to Neutral from Positive at Susquehanna)
- AMAT -1.4% (downgraded to Neutral from Positive at Susquehanna)
- LRCX -1.2% (downgraded to Neutral from Positive at Susquehanna)