Gapping down
In reaction to disappointing earnings/guidance: IDN -22.7%, GIII -7.3%.
Other news: AI -3.5% (announces 2.75 mln common stock offering), BGC -2.2% (may be attributed to block trade pricing), PFSI -2% (announces commencement of secondary public offering by selling stockholder), COMM -1.8% (announces secondary offering of 17.5 mln shares of common stock by an affiliate of The Carlyle Group), SQI -1.4% (announces 3 mln share common stock offering), VEEV -1.4% ( files amended S-1: Veeva offering 890k shares, selling stockholders offering 11.11 mln shares of common stock), SWHC -1.2% (announces vertical integration of precision plastic molding supplier), SGY -1.1% (light volume, Millennium Management discloses 6.0% stake in SC 13G filing).
Analyst comments: HIMX -7.1% (downgraded to Underperform from Buy at BofA/Merrill), ACI -4.1% (downgraded to Hold from Buy at Jefferies), PHM -2.6% (downgraded to Underweight from Equal Weight at Barclays), MT -0.9% (downgraded to Reduce from Hold at Kepler), T -0.8% (downgraded to Neutral from Overweight at HSBC) .