Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AUTO -30.7%, INSY -12%, BIG -11.3%, FNSR -11%, NTEC -8.9%, ZTO -8%, (also CFO steps down for personal reasons; announces special dividend of $0.20/ADS), TPIC-6.8%, OTIC -6.4%, BOOM -5.6%, CDXS -4.2%, MRVL -3.7%, GCAP -3.1%, IDT -2.7%,AMWD -2%, YEXT -1.7%, PVG -1.1%, PRTY -1.1%, ATEC -0.9%, PAY -0.8%
Other news:
- VNRX -21.8% (announced proposed underwritten public offering of common stock )
- ORC -7% (announced March dividend of $0.09 per share, prior month $0.11 per share)
- MAT -6.1% (lower on reports that Toys R Us may liquidate operations)
- HAS -3.2% (lower on reports that Toys R Us may liquidate operations)
- GBT -3% (priced offering of 4,000,000 shares of its common stock at a price to the public of $54.00/share)
- OCLR -2.8% (following FNSR results)
- EEX -2.1% (priced offering of 6 mln shares of common stock by investment funds managed by Onex Partners and its affiliates at $18.50 per share)
- DPLO -1.6% (pulling back -- being attributed to block trade pricing)
- TSLA -1.6% (disclosed its Chief Accounting Officer Eric Branderiz left Tesla for personal reasons)
- ETSY -1.3% (Etsy proposes $300 mln convertible senior notes due 2023 offering thru private placement )
- LITE -0.9% (following FNSR results)
Analyst comments:
- ACIA -4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)