Gapping down
In reaction to disappointing earnings/guidance:
- ZUO -29.2% (also Marc Diouane will transition from his current role of President to advisor to Zuora's Chief Executive Officer -- Zuora is conducting a search for his replacemen), NTNX -20.7%, GPS -13.9%, RRGB -12.6%, SCHL -9.7%, VMW -5.3%, ULTA -3.8%, DELL -3.6%, ZS -3.4%, CONN -2.2%, COST -1.9%
Select names impacted by news of tariffs on Mexican imports trading lower:
- KSU -7.3%, CX -5.9%, STZ -5.8%, FCAU -5.2%, GM -4.8%, BWA -4.4%, F -4%, UNP -3.5%, NUE -3.3%, MGA -2.6%, X -2.3%, CMG -1.8%, CLF -1.8%, TM -1.5%, DEO -1.3%, AKS -1.1%
Other news:
- ELTK -9.9% (modestly pulling back)
- XBIT -9% (announces public offering of common shares; terminates equity distribution agreement with Piper Jaffray & Co that was entered into on April 30, 2019)
- MYOV -5.7% (prices underwritten public offering of 15,151,516 of its common shares at a price to the public of $8.25 per share)
- GPRO -3.7% (D. E. Shaw increases passive stake)
- GME -3.2% (GameStop appoints James Bell as EVP/CFO effective June 3 and Chris Homeister to newly created role of EVP/Chief Merchandising Officer effective June 10)
- TWLO -2.4% (prices underwritten public offering of 7,012,622 shares of its Class A common stock at a price to the public of $124.00 per share) ES -1.1% (prices public offering of 15.6 mln of its common shares at a price per share of $72.50)
- ATHX -1.1% (entered into $250 mln Open Market Sale Agreement)
Analyst comments:
- NA.