Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- LMNR -9.7%, ADXS -1%
Other news:
- SAGE -25.5% (reports top-line results from its Phase 3 STATUS Trial of brexanolone)
- ICPT : -16% on OCALIVA dosing warning letter
- MBVX -16.7% (greed to sell approximately 4 mln shares of its common stock for gross proceeds of approximately $2.0 million ($0.50/share))
- HIIQ -16.5% (continued weakness following management update conference call after the close)
- BCRX -9.7% (to sell $80 mln of its common stock in an underwritten public offering)
- BIP -5% (Brookfield Infrastructure to issue 16,628,000 L.P. units on a bought deal basis to a syndicate of underwriters at $42.10 per L.P. unit)
- BG -3% (enters into a definitive agreement to acquire a 70% ownership interest in IOI Loders Croklaan from IOI Corporation Berhad for $946 mln)
- PTLA -2.6% (plans to offer $300 mln of its common stock in an underwritten public offering )
- FDC -2.1% (confirms that New Omaha Holdings intends to offer for sale in an underwritten secondary offering 85 mln shares of Class A common stock pursuant to the registration statement)
- CPT -1.5% (prices 4.75 mln common sharesfor gross proceeds of $445.3 mln)
- EFX -1.1% (continued weakness)
Analyst comments:
- PDS -4.8% (downgraded to Neutral from Overweight at JP Morgan)