Gapping down
In reaction to disappointing earnings/guidance:
- MED -28.4%, TDC -25.5% (also Teradata names Victor Lund interim CEO following departure of Oliver Ratzesberger), MOD -19.8%, GDOT -17.9%, NVEE -15.2% (issues correction regarding FY20 guidance; guidance now in-line with analyst estiamate) RGR -15.1%, ALTR -14.6%, TIVO -12.3%, HEAR -11%, SCPL -9.6%, CWH -9.2%, TUSK -9.1%, ENLC -5%, UPLD -4.9%, ARLO -4.6%, SVMK -4.3%, LPSN -3.5%, MTD -2.9%, MGA -2.9%, MITK -2.6%, GSBD -2.4%, PEGA -2.4%, CTRE -2.2%, KRO -2.1%, TTD -1.9%, TRHC -1.9%, PEN -1.7%, ATVI -1.7%, BE -1.6%, USCR -1.4%, COLD -1.2%, NWSA -1.2%, TTWO -0.8%
Other news:
- AFMD -11.4% (prices public offering of 12 mln common shares at a public offering price of $2.50 per common share)
- ADMS -10.6% (files $200 mln mixed securities shelf offering; reports Q3 results)
- GPS -8.9% (names Chairman Robert Fisher to as interim CEO, sees Q3 EPS below consensus)
- LXRX -5.4% (files $150 mln mixed securities shelf offering)
- AGIO -3.9% (prices offering of 8.25 mln shares of common stock at $31.00 per share)
- EQH -1.6% (announces sale of an aggregate of 144.0 mln shares of its common stock by AXA S.A. ), DB -1% (in sympathy with peer Credit Ag (-3%) after releases earnings)
Analyst comments:
- WORK -4% (initiated with Underperform at Wedbush)
- ALB -1.9% (downgraded to Underweight from Neutral at JP Morgan)