Gapping down
In reaction to disappointing earnings/guidance:
- BIG -15.8%, UNFI -10.8%, FMS -8.7% (gives early preliminary indicative guidance for 2019, says use of cash currently under evaluation), ZUMZ -6.5% (also issued downside guidance for Q4), ULTA -5.8% (issued downside guidance for Q4), COO -1.6%
Other news:
- KIDS -11.5% (announced offering of 1.5 mln shares of common stock; lightly traded)
- QTNT -6.3% (offering of 9,230,770 ordinary shares at a price to the public of $6.50 per share)
- MKL -5.9% (lightly traded; issued statement regarding loss reserve disclosure)
- GBT -5.2% (launching public offering of $150.0 mln of shares of its common stock)
- INSP -1.6% (offering of 2.5 mln shares of its common stock at a public offering price of $40.00 per share)
Analyst comments:
- GPOR -2.9% (downgraded to Neutral from Overweight at JP Morgan)
- EXPD -2.6% (downgraded to Sell from Neutral at Goldman)
