Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- N/A
Other news:
- SMMT -16.5% (prices offering of 1,459,000 ADS's at $12.00 per ADS)
- BVXV -14.8% (prices follow-on offering of 1.5 mln ADSs at $6.00 per ADS)
- ARRY -7.9% (commences $175 mln common stock offering; files mixed securities shelf offering)
- EPZM -3.8% (prices 9.18 mln common stock offering at $15.285/share)
- MGI -3.7% (following Canyon / LSCC news - deal with BABA / Ant may also be scrutinized)
- USFD -3.2% (confirms offering of 40 mln shares of common stock by investment funds associated with Clayton, Dubilier & Rice and Kohlberg Kravis Roberts )
- WLH -2.6% (proposed secondary offering of 3,322,666 shares of Class A common stock offered by Paulson & Co)
- FDC -2.4% (prices secondary offering by selling shareholders of 85 mln shares of common stock at $17.75 per share)
- GNW -1.3% (following Canyon / LSCC news - overseas deal may also be scrutinized)
- BABA -1.2% ( Jack Ma affiliated entities adopted pre-arranged share sales plan for the sale of up to 16 million shares of the Company over a 12-month period commencing in October 2017)
- KONA -1.2% (modestly pulling back)
- TIF -1.1% ( indicated lower on block trade pricing)
Analyst comments:
- HTZ -6% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- OPK -3.2% (downgraded to Neutral from Overweight at JP Morgan)