Gapping down
In reaction to disappointing earnings/guidance:
- N/A
Other news:
- JCP -30.2% (files voluntary petitions for reorganization under Chapter 11)
- CCXI -12.6% (reports topline data from phase-II LUMINA-1 trial of CCX140)
- VXX -5% (declining with US futures up over 1%)
- BLUE -3.1% (commenced an underwritten public offering of $400 million of its common stock)
- TPTX -1% (commences underwritten public offering of $250,000,000 of shares of its common stock)
- TRMB -1% (sells REF TEK business to Xeos Technologies)
Analyst comments:
- ADP -0.9% (downgraded to Underperform from Neutral at BofA/Merrill)
- FREQ -0.9% (downgraded to Neutral from Overweight at JP Morgan)
- SQ -0.5% (downgraded to Underperform from Buy at BofA/Merrill)