Gapping down
In reaction to disappointing earnings/guidance:
- GES -13.7%, RRGB -11%, VRNT -9.1%, LMNR -8.4%, GME -6.2%, UNFI -3.1%, CHWY -1.9%, DAN -1.1%
Other News
- EB -20.1% (commences $115 mln private offering of convertible senior notes due 2025)
- MNRL -10.1% (prices offering of 6,600,000 shares of its common stock by certain of its stockholders at $13.75 per share)
- CSII -8.8% (prices offering of 3,676,471 shares of its common stock at $34.00 per share)
- SALT -8.3% (prices offering of 4,100,000 Common Shares at $18.46 per share)
- IMUX -5.9% (commences public offering of shares of its common stock)
- SITM -5.6% (files for 3.5 mln share offering)
- CDNA -3.4% (announces $100 mln offering; also files mixed securities shelf offering)
- NKLA -3.1% (profit taking after big run past two days; also plans to open pre-orders in late June, according to TechCrunch)
- WETF -2.7% (prices offering of $150.0 million aggregate principal amount of its convertible senior notes due 2023 in a private offering) NIO -2.5% (stock offering)
- MLAB -2.3% (prices offering of 600,000 shares of its common stock at $225.00 per share)
- ALK -1.8% (S&P Downgrades To 'BB-')
Analyst comments:
- JBLU -6.1% (downgraded to Underweight from Neutral at JP Morgan)
- UAL -4.3% (downgraded to Neutral from Overweight at JP Morgan)
- CREE -2.7% (downgraded to Neutral from Buy at Goldman)
- CARR -1.9% (downgraded to Neutral from Overweight at JP Morgan and removed from Analyst Focus List)
- WU -1.6% (downgraded to Neutral from Buy at BofA/Merrill)
- CVX -1.5% (Chevron (CVX) downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- CSCO -1.4% (downgraded to Neutral from Outperform at Robert W. Baird)
- MU -0.9% (downgraded to Neutral from Outperform at Wedbush)