Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- FTR -24.8%, (also suspends the quarterly cash dividend on the common stock), ELF -10.8%, TSRO -9.2%, VRX -8.3%, ACAD -7.6%, BGFV -7.6%, BGS -7.1%, MNKD -7%,LOW -6.7%, GTE -6.1%, ALRM -5.8%, EOG -5.6%, PZZA -5.1%, GGB -4.7%, ROG -4.5%, SSYS -4%, HTZ -3.9%, TA -3.8%, JONE -3.1%, SSW -3.1%, CYH -2.9%, MHLD -2.8%,TDOC -2.7%, TNET -2.6%, JAZZ -2.6%, WDAY -2.3%, VTVT -2.3%, (also files for $250 mln share Class A common stock shelf offering ), CROX -2.3%, DXCM -2.2%, SQ-1.7%, DRYS -1.1%, FGEN -0.8%
Other news:
- ATRA -6.6% (proposed offering of $150 mln in shares of common stock)
- CELG -6.1% (receives Refusal to File letter from the FDA regarding its New Drug Application for ozanimod in development for the treatment of patients with relapsing forms of multiple sclerosis)
- GM -1.5% (General Motors announced 40 mln share secondary offering of common stock by the UAW Retiree Medical Benefits Trust; GM intends to repurchase a portion of the shares being offered)
- DISCA -1.3% (still checking - DISCA / SNI set election deadline - expect to consummate the transactions contemplated by the Merger Agreement on March 6, 2018)
- DM -0.8% (files for $500 mln common units representing limited partner interests shelf offering)
Analyst comments:
- ALV -1.5% (downgraded to Sell from Hold at Societe Generale)