Gapping down
In reaction to disappointing earnings/guidance:
- LTHM -11%, WBA -3.9%, MSM -2.5%
Other news:
- RADA -11.8% (announces offering; size not disclosed)
- TEN -4.5% (announces mgmt changes; reaffirms that end-market conditions are affecting its ability to complete separation)
- LK -3.6% (files for 12 mln ADS offering; of which 7.2 mln ADS are being offered by co and 4.8 mln by a selling shareholder; in separate filing, co is offering US$400 mln in Convertible Senior Notes)
- PLMR -3.1% (stock offering)
- NYMT -2.3% (prices offering of 30 mln shares of common stock for gross proceeds of $182.7 mln)
- SONO -2.2% (files patent lawsuit against Google)
- SPNE -1.8% (prices offering of 6.8 mln shares of common stock at $12.50)
- APLS -1.4% (7 mln share offering)
- BA -1% (Ukrainian Boeing 737-800 plane crashes after takeoff from Iran)
Analyst comments:
- FSCT -2.7% (downgraded to Neutral from Buy at UBS)
- ZBRA -2.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- FEYE -1.7% (downgraded to Neutral from Buy at BofA/Merrill)
- PANW -1.6% (downgraded to Neutral from Buy at BofA/Merrill)
- WAT -1.5% (downgraded to Underperform from Hold at Needham)
- LUV -1.3% (downgraded to Neutral from Buy at BofA/Merrill)
- VFC -1.1% (downgraded to Neutral from Outperform at Wedbush)
- GLW -1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- YUM -1% (downgraded to Market Perform from Outperform at Cowen)
- QSR -0.9% (downgraded to Underperform from Neutral at BofA/Merrill)
- SPR -0.9% (downgraded to Equal Weight from Overweight at Barclays)