Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- ORCL -6.4%, SAP -0.2%.
Other news:
- TROV -37.3% (prices 15 mln shares and warrants to purchase an additional 15 mln shares; each share and warrant will be sold together at $0.30/ share and accompanying warrant)
- CSX -9.5% (reports that CEO & President, E. Hunter Harrison is on medical leave due to unexpected complications from a recent illness)
- VSTM -5.5% (to offer $25 mln of common stock in underwritten public offering)
- GBT -3.6% (to sell $100.0 million in shares of its common stock in a registered underwritten public offering)
Analyst comments:
- FIT -4.8% (downgraded to Sell from Hold at Stifel)
- FTR -3.3% (initiated with a Underweight at Barclays; tgt $7)