Gapping down
In reaction to earnings/guidance:
- BBBY -12.9%, AVAV -12.5%, MKC -6.1%, PRGS -1.8%, MSM -0.8%
Other news:
- ASPN -22.8% (to offer $225 mln of common stock and $150 mln of green convertible notes in separate offerings)
- ICVX -13.4% (announces topline interim Phase 1/1b results for IVX-121)
- NIO -7.1% (continued weakness; responds to short seller report)
- HUDI -5.2% (files for $300 mln mixed securities shelf offering)
- NVAX -3.9% (presents COVID-19 data at FDA VRBPAC meeting demonstrating broad antibody responses to both Prototype and Omicron-specific variants)
- ZY -3.4% (announces R&D supply agreement with 3D4Makers)
- GLPI -3.3% (BALY announces sale-leaseback transaction with GLPI for two casinos for $1 bln; prices offering of 6.9 mln shares of common stock for gross proceeds of $308.8 mln)
- NOAH -3.2% (launches global offering of an aggregate of 1.1 mln Class A ordinary shares)
- MARA -3.1% (Bitcoin mining ops in Montana currently without power)
- MNSO -3% (files prospectus supplement relating to an offering of an aggregate of 41.1 mln ordinary shares)
- OMCL -2.4% (moving to S&P MidCap 400 from S&P SmallCap 600)
- CALT -1.7% (files for $200 mln mixed securities shelf offering)
- LYLT -1.2% (to be removed from S&P SmallCap 600)
- TSLA -1.2% (has laid off hundreds of workers on its Autopilot team according to Bloomberg)
- SWN -1.1% (moving to S&P MidCap 400 from S&P SmallCap 600)
Analyst comments:
- BBWI -5% (downgraded to Neutral from Overweight at JP Morgan)
- ACN -1.4% (downgraded to Neutral from Outperform at Exane BNP Paribas)