Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- AMRK -15%, FARM -9.9%, RLGT -5.5%
M&A news:
- WDC -3.2% (Toshiba signs MOU with Bain Cap'l for sale of TMC)
Other news:
- ITEK -14.3% (Inotek Pharmaceuticals to merge with with US-based gene therapy company Rocket Pharmaceuticals - will host a conference call Sept 13 at 8:30am ET)
- TCMD -4.6% ( announces 2.7 mln share secondary offering by stockholders)
- CLDX -3.8% (announces the resignation of Chief Medical Officer Thomas Davis effective September 29 )
- AGNC -3.2% (prices 24.5 mln shares of common stock at for gross proceeds of $510.8 mln)
- PTLA -2% (prices 6.35 mln shares of common stock at $55.00 per share)
- ZAGG -1.2% ( subsidiary mophie will have universal wireless charging pad for iPhone 8, iPhone 8 Plus and iPhone X )
Analyst comments:
- ON -1.9% (downgraded to Neutral from Buy at Goldman)
- AVP -1.2% (initiated with a Underperform at Jefferies)
- WLL -1.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- KLAC -1% (downgraded to Neutral from Buy at Goldman)