Gapping down
In reaction to disappointing earnings/guidance:
- SFIX -16.9%, CAMP -11.7%, FRAN -8.9%, CASY -6.9%, NX -6.8%, URBN -1.4%, AWK -0.5% (guidance)
Other news:
- RARX -6.5% (announces proposed public offering of $100 mln of its common stock)
- BHVN -3.6% (offering 3,000,000 of its common shares)
- CSTM -2.3% (to acquire Tri-Arrows Aluminum's 49% stake in Constellium-UACJ
- ABS for $100 mln plus the assumption of 49% of approximately $80 mln of third party debt)
- HCP -1.7% (upsizes offering by 1 mln shares and prices 15 mln shares of common stock at $28.90 per share)
Analyst comments:
- PFE -0.9% (downgraded to Neutral from Overweight at JP Morgan)
- NTAP -0.6% (initiated with Underperform at Cowen)