Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- PTC -10.9%, CHRW -6.8%, ABB -3.7%, BG -3.4%, (expects Q2 adj earnings to be modestly profitable but below low end of the range of analyst estimates primarily driven by challenging ag market conditions; details $250 mln Competitiveness Program ), AA -3%, CHKP-3%, SHW -2.7%, STLD -2.2%, PM -2.1%, QCOM -2%, AXP -1.7%, SAP-1.6%, TRV -1.2%, SON -0.8%
Other news:
- CFRX -13.8% (commences public offering of its common stock and warrants to purchase additional shares of its common stock; all of the securities in the offering are to be sold by ContraFect)
- GOOD -6.3% (to sell shares of its common stock in an underwritten public offering)
- WES -5.9% (being attributed to block trade pricing)
- INO -4.9% (prices offering of 12.5 mln shares of common stock at $6.00 per share)
- RGLS -2.1% (prices 44 mln shares of common stock at $0.91 per share)
- FND -0.5% (prices 10,718,550 common stock offering by selling stockholders)
Analyst comments:
- FMSA -7% (downgraded to Sell from Neutral at Goldman)
- RNG -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- PFE -0.6% (downgraded to Neutral from Outperform at Credit Suisse)