Gapping down
In reaction to disappointing earnings/guidance:
- PSTG -9.7%, DY -8.8%, TOL -6%, NDSN -5.7%, IGT -2.5%, (also announces variable forward transaction by De Agostini S.p.A. and related registered public offering of 18 mln ordinary shares ), AAP -2.2%
Other news:
- ARDX -8.8% (commenced $50 mln common stock offering and entered into $50.0 mln senior secured term loan facility)
- MLNT -8.2% (commences $75 mln common stock offering)
- CADE -6% (announces proposed secondary offering of 15 mln shares of common stock; files mixed securities shelf offering)
- SAIL -3.4% (files prelim prospectus for 15 mln share common stock offering by selling stockholders)
- BNFT -2.6% (Benefitfocus announces 2.5 mln share common stock secondary offering by funds managed by Goldman Sachs )
- SHOP -1.8% (following news that Adobe will acquire commerce platform Magento Commerce for $1.68 bln)
- CHRS -1.3% (announces public offering of $75 mln of common stock)
- SNE -0.5% (announces FY21 financial targets for electronics and entertainment business; to acquire 60% equity interest in EMI Music Publishing)
Analyst comments:
- RTN -1.4% (downgraded to Neutral from Outperform at Credit Suisse)