Gapping down
In reaction to disappointing earnings/guidance: EVDY -27%, WPRT -15.5%, M -8.5%, MNGA -5.9%, JUNO -5.4%, XENE -4.5%, EXEL -3.6%, DOX -3%, FENG -2%, TLF -2%, MIDD -1.1%, BC -0.8%
Other news: HZNP -16.9% (responds to Express Scripts (ESRX) lawsuit and recent allegations; believe claims are without merit), INSY -11.5% (Express Scripts (ESRX) terminates relationship with specialty pharma Linden Care, sues Horizon Pharma (HZNP)), NEOS -9.6% (received Complete Response Letter from the FDA regarding the NDA for Cotempla XR-ODT), NBG -6.2% (cont weakness), MNGA -5.9% filed for $50 mln mixed securities shelf offering),), AFSI -5.4% (commences an underwritten public offering of 5 mln of its common stock), VWR -3.7% ( files for a 9 mln share offering of common stock by selling stockholder), STAY -1.8% (Extended Stay America and Extended Stay America commence 15 mln paired share offering on behalf of selling shareholders), PINC -1.8% (prices offering of 4,033,198 shares of common stock at $34.50 per share on behalf of certain selling member-owner stockholders), SMCI -1.7% (filed to delay Form 10-Q), LOXO -0.9% (announces a proposed offering of 2 mln shares of common stock)
Analyst comments: BCRX -2.9% (downgraded to Underperform at BofA/Merrill), ORCL -1.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MET -1.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley), EMC -0.6% (downgraded to Market Perform from Outperform at Wells Fargo
)
In reaction to disappointing earnings/guidance: EVDY -27%, WPRT -15.5%, M -8.5%, MNGA -5.9%, JUNO -5.4%, XENE -4.5%, EXEL -3.6%, DOX -3%, FENG -2%, TLF -2%, MIDD -1.1%, BC -0.8%
Other news: HZNP -16.9% (responds to Express Scripts (ESRX) lawsuit and recent allegations; believe claims are without merit), INSY -11.5% (Express Scripts (ESRX) terminates relationship with specialty pharma Linden Care, sues Horizon Pharma (HZNP)), NEOS -9.6% (received Complete Response Letter from the FDA regarding the NDA for Cotempla XR-ODT), NBG -6.2% (cont weakness), MNGA -5.9% filed for $50 mln mixed securities shelf offering),), AFSI -5.4% (commences an underwritten public offering of 5 mln of its common stock), VWR -3.7% ( files for a 9 mln share offering of common stock by selling stockholder), STAY -1.8% (Extended Stay America and Extended Stay America commence 15 mln paired share offering on behalf of selling shareholders), PINC -1.8% (prices offering of 4,033,198 shares of common stock at $34.50 per share on behalf of certain selling member-owner stockholders), SMCI -1.7% (filed to delay Form 10-Q), LOXO -0.9% (announces a proposed offering of 2 mln shares of common stock)
Analyst comments: BCRX -2.9% (downgraded to Underperform at BofA/Merrill), ORCL -1.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley), MET -1.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley), EMC -0.6% (downgraded to Market Perform from Outperform at Wells Fargo
)