Gapping down
In reaction to earnings/guidance:
- KAR -20.7%, MERC -7.9%, LZB -5.2% (also CEO to retire), BTI -4.9%, FUN -4.8%, CRSP -3.3%, RNG -2.7%, SHOP -2.4%, HSIC -2.2%, EXAS -1.9% (also to acquire Ashion Analytics), ATH -1.9%, ACCO -1.8%, HLT -1.6%, AIG -1.5%, COMM -1.3%, SFL -1.2%, LSCC -1.1%, INVH -0.9%, DNOW -0.9%
Other news:
- SHIP -23% (prices offering of 44.15 mln shares of common stock at $1.70 per share)
- IMUX -17.8% (announces that oral treatment IMU-838 shows evidence of clinical activity in moderate COVID-19 in Phase 2 CALVID-1 trial)
- CTXR -15.4% (prices $76.5 mln Registered Direct Offering priced At-the-Market)
- AEZS -14.4% (upsizes and prices offering of 20,509,746 common shares at $1.45 per share)
- SNDL -13.5% (files for $1 bln mixed securities shelf offering)
- AGFY -12.2% (prices offering of 5,555,555 shares of its common stock at $13.50 per share)
- MVIS -7.3% (enters into $50 mln at-the-market equity offering agreement; also files for mixed securities shelf offering; also guides FY20 revs in-line)
- HQY -6.9% (prices offering of 5 mln shares of common stock for gross proceeds of $401.5 mln)
- ENBL -4.6% (Enable Midstream Partners to be acquired by Energy Transfer LP (ET) in an all-equity transaction valued at ~$7.2 billion)
- CHGG -3.6% (stock offering)
- GNMK -3.5% (announces publication of study highlighting potential of ePlex Blood Culture ID Panels)
- OZON -2.5% (announces the launch of an offering of ~$ 650 mln in aggregate principal amount of senior unsecured convertible bonds due 2026)
- YMAB -2.2% (stock offering)
- GPRE -1.5% (files for mixed securities shelf offering)
- NOVA -1.2% (entered into a definitive agreement under which Sunnova will acquire Lennar's residential solar platform)
- MORN -1% (SEC filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls provisions of the federal securities laws)
Analyst comments:
- USAC -1.2% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- NEXA -1% (downgraded to Neutral from Buy at Citigroup)
- UAA -1% (downgraded to Hold from Buy at Argus)