Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- IPCI -1.4%
Other news:
- OCUL -32.2% (receives Complete Response Letter from FDA for DEXTENZA NDA; company believes that DEXTENZA can be approved open manufacturing items are resolved), ALDR -10.7% (commences 12.5 mln share common stock offering)
- KIN -2.5% (proposed public offering of its common stock)
- SMRT -2.3% (Chico's will replace Stein Mart in the S&P SmallCap 600)
- ARNA -1.7% (to offer and sell $150.0 million of shares of its common stock in an underwritten public offering)
- DLR -1.4% (commenced an offering of two series of pounds sterling-denominated Guaranteed Notes due 2024 and 2029)
Analyst comments:
- MON -0.5% (downgraded to Hold from Buy at Jefferies)
- FCX -0.8% (downgraded to Sell from Hold at Berenberg)
- HOG -2% (Goldman out cautious following checks, indicating softer Q2; also downgraded to Mkt Perform from Outperform at Bernstein)