Gapping down
In reaction to disappointing earnings/guidance:
- BGG -11.4%, MKC -10.8%, UMPQ -6.5%, PTC -5.5% (also announces retirement of CFO Andrew Miller in Fiscal 2019), CTXS -5.5%, LVS -3.3%, BMY -1.7%, FFIV -1.2%
Other news:
- URGN -8.6% (prices offering of 3,658,537 ordinary shares at at $41.00 per share)
- WVE -7.9% (announces proposed public offering of ordinary shares; size not disclosed)
- NCNA -4.8% (to sell $75 mln of American Depositary Shares in underwritten U.S. public offering)
- EHTH -2.9% (prices offering of 2.4 mln shares of its common stock at $48.50 per share)
- HSIC -1.2% (Henry Schein discloses that Mars plans to consolidate veterinary distribution purchases with one of Henry Schein's U.S. based distribution competitors)
- VRTX -1.1% (announces that Ian Smith has been terminated as COO and Interim CFO, effective immediately)
- WYNN -0.9% (following LVS earnings)
Analyst comments:
- GOOS -3.3% (downgraded to Market Perform from Outperform at Wells Fargo)
- CTL -3% (downgraded to Sell from Neutral at Guggenheim)
- PETX -2.8% (downgraded to Mkt Perform from Outperform at William Blair)
- MDLZ -1.6% (downgraded to Hold from Buy at Berenberg)
- CACC -1.3% (initiated with Sell at BTIG)