Gapping down
In reaction to disappointing earnings/guidance:
- VIPS -15.2%, SWCH -4.7%, VOD -3.4%, HD -2.6%, EXP -1.7%, INVH -1.6%, AMRS -1.5%
Other news:
- PFNX 23.8% (Pfenex announces top-line results from its PF708-301 study, which showed comparable overall profiles between PF708 and Forteo after 24 weeks of daily injection in osteoporosis patients)
- MTDR -3.9% (announces 7 mln stock offering)
- AAXN -2.6% Axon files mixed securities shelf offering (56.99 -0.27)
- ATUS -1.5% (declared a one-time cash dividend of $2.035 per share of Altice USA Class A common stock and Class B common stock)
- LOW -1.2% (in sympathy with HD)
Analyst comments:
- CBSH -2% (downgraded to Underperform from Neutral at BofA/Merrill)
- SPOT -1.9% (initiated with a Sell at Loop Capital)
- F -0.5% (downgraded to Neutral from Overweight at Piper Jaffray)
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