Gapping down
In reaction to disappointing earnings/guidance:
- PPDF -6.4%, GIS -5.9%, AIR -4.5%, RKDA -1.6%
M&A news:
- JWN -2.7% (Nordstrom's Special Committee terminates discussions with Nordstrom Family Group regarding potential going private transaction)
- CRM -2.7% (MuleSoft will be acquired by Salesforce for an enterprise value of ~$6.5 bln)
Other news:
- TSLX -4.1% (launches public offering of 3.75 mln shares of common stock)
- VYGR -3.8% (indicated lower on block trade pricing)
- CISN -3.2% (prices offering of 5.75 mln shares of common stock by selling shareholders at $10.75 per share)
- XNCR -1.9% (prices offering of 7.3 mln shares of its common stock at $31.00 per share)
- DBVT -1.5% (launches offering of $150.0 mln of new ordinary shares)
- FB -1.5% (continued weakness)
- WYNN -1.5% (Steve Wynn in amended 13D discloses that he intends to sell all or a portion of the Common Stock controlled by him pursuant to one or more registered public offerings)
Analyst comments:
- GBT -2.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- LOXO -2.5% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- SRPT -2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CBOE -1.9% (downgraded to Underweight from Neutral at JP Morgan)
- MTCH -1.6% (downgraded to Neutral from Buy at Guggenheim)
- EQM -1.0% (downgraded to Neutral from Buy at BofA/Merrill)
