Gapping down
In reaction to disappointing earnings/guidance:
- MOBL -10.5%, SCSS -5.3%, MTG -3.1%, FOGO -2.5%, HBHC -1.9%, MTB -1.3%, CREE -0.6%, ASML -0.5%
Other news:
- AKTX -18.8% (to offer and sell American Depositary Shares in an underwritten public offering;)
- HUSA -7.2% (files ~12.178 mln share common stock offering by selling stockholders )
- RDCM -3.5% ( to offer its ordinary shares in an underwritten public offering)
- TPX -1.7% (following SCSS earnings)
- CHEF -1.2% (CFO John D. Austin resigns effective November 10 )
- RIG -1% (Transocean awarded a two-year, $106 mln contract plus three one-year priced options with a subsidiary of BHP Billiton, expected to commence in 2Q18)
- BHP -0.8% (reports Q3 operational update; all production and unit cost guidance remains unchanged for the 2018 financial year)
Analyst comments:
- CMG -2.7% (downgraded to Underperform from Neutral at BofA/Merrill)
- ULTA -2.6% (downgraded to Neutral from Overweight at Piper Jaffray)
- HAWK -2.1% (downgraded to Neutral from Buy at Mizuho)
- W -1.8% (Hearing Oppenheimer out in the premarket with a note suggesting traffic may be soft to the website)
- MGM -0.8% (downgraded to Hold from Buy at Stifel)
