Gapping downGapping down
In reaction to disappointing earnings/guidance:
- MOV -20.6%, DLTR -8.4%, PANW -8.3% (also announced intention to acquire Aporeto for $150 mln in cash), CAL -6.7%, HPE -4.9%, BECN -3.4% (also announced upcoming departure of CFO Joseph Nowicki), A -3.4%, BITA -3.1%, TITN -2.9%
Other news:
- XFOR -9.4% (commenced public offering of common shares and Class B warrants)
- HBI -3% (announced departure of CFO Barry Hytinen)
- CLVS -2.8% (after closing Monday's session up by circa +19%)
- FTS -1% (launched C$1.1 bln of share offerings)
- ACAD -0.5% (announced top-line results from ADVANCE trial of pimavanserin)
Analyst comments:
- TAP -0.6% (downgraded to Market Perform from Outperform at BMO Capital Markets)