Gapping down
In reaction to earnings/guidance:
- NOV -7.4%, FMC -3.4%, BAC -1.6%, STT -1.4%
M&A news:
- LITE -8.4% (Lumentum (LITE) and Coherent (COHR) to merge)
Other news:
- PRPH -23.6% (announces the pricing of an underwritten public offering of 3,000,000 shares of common stock at an offering price of $12.50/share)
- BHVN -13.5% (Provides Update On Phase 2/3 Trial And Alzheimer's Disease Program)
- SENS -5.1% (enters registered offering to sell 40 mln shares of its common stock at $1.25 per share)
- KERN -2.2% (files for 6,119,091 share common stock offering by selling shareholders)
Analyst comments:
- DISCA -2% (downgraded to Underweight from Equal Weight at Barclays)
- VIAC -1.1% (downgraded to Underweight from Overweight at Barclays)
- CERN -1% (downgraded to Underperform from Buy at BofA Securities)
- AKR -0.7% (downgraded to Neutral from Buy at BofA Securities)