Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- PIR -12.6%, FUL -5%
M&A news:
- RAD -22.1% (Rite Aid and Walgreens (WBA) terminate merger, sign new agreement whereby Walgreens will acquire 2,186 stores, related distribution assets and inventory from Rite Aid for an all-cash purchase price of $5.175 bln; also reported earnings)
- FRED -19.6% (in response to termination of WBA/RAD deal)
- CRZO -1% (to acquire Delaware Basin properties from ExL Petroleum Management for $648 mln in cash; expects second quarter production to exceed the high-end of its previously-provided guidance range; also commenced public offering of 15.6 mln shares of its common stock and announces offering of $250 mln of Senior Notes Due 2025)
Other news:
- INPX -24.8% (prices $6 mln underwritten public offering at $1.05/unit)
- PTI -19.8% (preliminary data from the Multiple Ascending Dose (MAD) cohort of its Phase 1 trial designed to evaluate the safety and pharmacokinetics of PTI-428 in CF subjects)
- ALO -15.6% (announced a C$50 mln bought deal offering of 8 mln units at a price of C$6.25 per Unit)
- AKBA -6.8% (prices 4 mln shares of common stock at $14.50 per share)
- DOC -5.7% (prices 20 mln shares of common stock at $20.40 per share)
- GOV -4.6% (prices 25 mln shares of common stock at $18.50 per share)
- YY -4.2% (China may soon put some restrictions on live video, according to Techly)
- HTGM -3.9% (HTG Molecular Diagnostics launched its new HTG EdgeSeq PATH Assay for sale in the U.S. and Europe)
- BLCM -3.2% (files for $150 mln mixed securities shelf offering; files for 5,032,313 share common stock offering by the selling stockholders)
- WHLR -2.3% (closes sale of an outparcel located at Rivergate Shopping Center and Carolina Place; reports May AFFO of $0.15/share)
- MOMO -1.3% (China may soon put some restrictions on live video, according to Techly)
Analyst comments:
- EMKR -3% (downgraded to Neutral from Buy at B. Riley & Co)