Gapping down
In reaction to disappointing earnings/guidance:
- GLW -9.3% (guidance), BBCP -9%
Other news:
- FNKO -8.4% (announces 4.0 mln share secondary offering by selling stockholders)
- OPRA -8.2% (announces follow-on public offering of 7.0 mln American Depositary Shares)
- XLRN -6.8% (announces that top-line results from Phase 2 trial of ACE-083 in patients with FSHD did not achieve functional secondary endpoints)
- DRQ -6.2% (announces termination of contract award for Ca Rong Do project; remains confident in prior FY19 guidance)
- SHOP -4.8% (prices 1.9 mln of Class A subordinate voting shares at $317.50 per share)
- SEAS -1.9% (CEO resigns, effective immediately; current CFO to become interim CEO)
- KHC -1.6% (indicated lower after 3G Capital sells 9.3% of its stake)
Analyst comments:
- AAWW -2.4% (downgraded to Neutral from Positive at Susquehanna)
- MDCO -1.2% (downgraded to Neutral from Buy at Citigroup)
- HD -1.1% (downgraded to Neutral from Buy at Guggenheim)
- RTN -1% (downgraded to Mkt Perform from Outperform at Bernstein)