Gapping down
In reaction to disappointing earnings/guidance:
- FORD -12.1%, NTAP -9.9%, THS -9.3%, SPWR -8.8%, NEPT -5.1%, HL -5%, CAI -4.8%, KGC -4%, XEC -4%, QTWO -4%, EQIX -3.9%, MAR -3.3%, PDS -3.2%, HCC -3%, LIVE -2.3%, (also discloses conclusion that several previously issued financial statements should no longer be relied upon), ALSN -2.2%, SHOP -1.9%, SON -1.8%, PPC -1.5%, AEM -1.2%, OMF -1.1%
Other news:
- INPX -29.2% (launched public offering)
- CDMO -27.7% (prices 9 mln shares of common stock at $2.25 per share)
- FOLD -3.7% (announces $250 mln public offering of common stock)
- DSKE -2.9% (prices 7.5 mln shares of common stock at $10.60 per share)
- ATKR -2.1% (commences 6 mln common stock offering by selling stockholder Clayton, Dubilier & Rice)
- CMP -1.1% (lower on light volume after being downgraded to Underperform from Neutral at Credit Suisse )
- RUN -0.9% (following SPWR results)
Analyst comments:
- CMP -1.1% (downgraded to Underperform from Neutral at Credit Suisse)
- PDCO -2.8% (downgraded to Underweight from Neutral at JP Morgan)
- CX -3.3% (downgraded to Sell from Buy at UBS)
- ATRA -6.2% (downgraded to Sell from Neutral at Citigroup)
![]()