Gapping down
In reaction to disappointing earnings/guidance:
- LNN -11%, PNR -8.8%
Other news:
- ZGNX -26% (receives Refusal to File Letter from FDA for FINTEPLA New Drug Application treating seizures associated with Dravet syndrome)
- HOLI -7.7% (to offer 7.8 mln ordinary shares through underwritten public offering; files for ordinary share shelf offering)
- NBEV -4.7% (after nearly 40% move higher on the day)
- MXWL -3.7% (indicated lower after Tesla [TSLA] extended the expiration to May 15 from April 10 of its previously announced tender offer to acquire outstanding common stock of Maxwell)
- FIXX -3.6% (launches $125.0 mln common stock offering)
- WYNN -1.5% (Crown Resorts confirms that it is in confidential discussions with Wynn regarding a potential change of control transaction following approaches to Crown by Wynn)
Analyst comments:
- SAP -2.5% (downgraded to Hold from Buy at HSBC Securities; downgraded to Neutral from Buy at UBS)
- BHVN -2.2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- AAT -1.2% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- SMPL -1.2% (downgraded to Hold from Buy at SunTrust)
- BLL -0.9% (downgraded to Market Perform from Outperform at BMO Capital Markets)
