Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- CYOU -7%, ADNT -5.3%
M&A news:
- SNY -1.7% (Sanofi to acquire Ablynx for €3.9 bln)
Other news:
- ARDM -33% (receives complete response letter for Linhaliq NDA from the FDA)
- ROYT -16.1% (lowered Feb cash distribution)
- APOP -8.4% (entered into securities purchase agreements with certain institutional investors for gross proceeds of approximately $4 mln)
- FSNN -2.5% (to offer and sell approximately $30 mln of shares of its common stock in an underwritten registered public offering)
- WYNN -2.8% (continued weakness following Friday's news of Steve Wynn sexual misconduct allegations)
- KPTI -2.3% (files for $250 mln mixed securities shelf offering )
Analyst comments:
- AAOI -2.1% (downgraded to Neutral from Overweight at Piper Jaffray)
- ABBV -1.8% (downgraded to Mkt Perform from Outperform at Leerink Partners)
- DEO -2% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- FNSR -1.8% (downgraded to Neutral from Overweight at Piper Jaffray)
- FTI -1.3% (downgraded to Hold from Buy at Societe Generale)
- RRC -1.3% (downgraded to Underperform at Raymond James)