Gapping down
In reaction to earnings/guidance:
- ENTA -20.5% (also announced topline data), FSR -12.8%, PLUG -12.1%, SLVM -11.4%, LCID -11.3% (also files stock offerings), VTNR -11.1%, TASK -10.9%, LITE -10.2%, HAIN -10%, DDD -9.6% (also reducing headcount), SWKS -9.3%, HPP -8.7%, MRVI -7.3%, AVTA -6.2%, FGEN -6.1%, WAT -5.9%, TMCI -5.7%, PYPL -5.6%, UAA -5.4%, SBSW -4.6%, CERT -4%, IFF -3.8%, HNST -3.8%, DOCN -3.6%, SWIM -3.1%, TALO -2.8%, BHF -2.6%, KOS -2.5%, HIMS -2.4%, GBDC -2.3%, CDXS -2.3%, IDYA -2.2%, TPX -2.2%, GFS -2.2%, LEV -2.1%, DRQ -2%, PRAA -2%, XNCR -1.8%, BAK -1.8%, CHH -1.4%, FN -1.2%, WTRG -1.1%, ACAD -1.1%, MCRB -1.1%
Other news:
- W -8.4% (proposes $600 mln convertible senior notes offering)
- BILI -3.8% (repurchase right notification)
- TPX -3% (to acquire Mattress Firm in cash and stock deal valued at approx. $4.0 bln; deal expected to be accretive expected to close in 2H24)
- AMCR -2.1% (to acquire Moda Systems)
- ACLX -2% (files mixed shelf)
- GVA -1.8% (commences $325 mln convertible notes offering)
- TMDX -1.3% (prices offerning of $400 mln of convertible senior notes due 2028)
- PCOR -1.2% (appoints new CFO)
Analyst comments:
- RDN -2.4% (downgraded to Underperform from Buy at BofA Securities)
- CDXS -2.3% (downgraded to Neutral from Buy at H.C. Wainwright)
- SHOP -1.9% (downgraded to Neutral from Overweight at Atlantic Equities)
