Gapping down
In reaction to earnings/guidance:
- IRNT -25%, BLBD -7.4% (also announces $75 mln private placement), LEN -5.8%, WOR -5.1%, NDSN -3%
Other news:
- DNMR -14.8% (proposes offering of $175 mln of convertible senior notes due 2026)
- SNDX -8.3% (prices offering of 3,157,144 shares of its common stock at $17.50 per share)
- FOCS -5.9% (stock offering)
- VSH -3.2% (to acquire Barry Industries for $21 mln)
Analyst comments:
- CDK -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley)