Gapping down
In reaction to disappointing earnings/guidance:
- USNA -13.5%, GME -11.3%, NG -0.7%
Other news:
- AVEO -10.1% (AVEO Oncology discloses that the EMA's CHMP has determined that the analyses of various factors that may have impacted the preliminary OS data in TIVO-3 trial do not fully explain discordance, and that more mature OS data is required prior to drawing a conclusion)
- SBLK -2.2% (files for $950 mln mixed securities shelf offering and approx. 48 mln common share offering by holders)
- STNE -1.7% (prices upsized follow-on offering of 19.5 mln of its Class A common shares at a public offering price of $40.50 per share)
- BABA -1.4% (Altaba's Board approved the liquidation and dissolution of the Fund; expects to sell ordinary shares and ADSs of Alibaba)
- ACB -1.4% (files preliminary short form base shelf prospectus for up to $750 mln in offerings)
Analyst comments:
- BLKB -1.4% (downgraded to Equal-Weight from Overweight at Stephens)
- CAT -1% (downgraded to Hold from Buy at Deutsche Bank)
- DNKN -0.8% (downgraded to Market Perform from Outperform at BMO Capital Markets)