Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- VOXX -18.6%, HDSN -14.8%, CUDA -9.1%
Other news:
- ATEC -12% (NuVasive has filed a lawsuit in the Delaware Chancery Court against Patrick S. Miles, former vice chairman of the Company and a member of NuVasive's Board of Directors-lawsuit asserts that before abruptly resigning from the Company to join Alphatec)
- MNKD -7.2% (prices offering of 10,166,600 shares of common stock at $6.00 per share)
- IPCI -6.1% (to sell 3,636,364 common shares at a purchase price of $1.10 per share in a registered direct offering)
- EBMT -5.5% (commenced underwritten public offering of approximately $18 million of common stock)
- FLXN -3.4% (to offer 4 mln shares of its common stock in public offering)
- MU -3.1% (launches $1 billion offering of common stock; files mixed securities shelf offering)
- XPER -2.3% (German Federal Patent Court issued preliminary opinion that all claims of Invensas (an affiliate of Xperi XPER) patent asserted against Broadcom in Germany should be null and void)
- PHG -2.1% (reaches agreement with the U.S. government on a consent decree focusing on the company's defibrillator manufacturing in the U.S.)
- MOH -1.8% (named Joseph Zubretsky as new President and Chief Executive Officer, effective November 6)
Analyst comments:
- TA -6.5% (downgraded to Sell at Citigroup)
- CHS -4.7% (downgraded to Underperform from Neutral at BofA/Merrill)
- GRPN -3.4% (resumed with a Sell at Goldman)
- JNPR -2.1% (downgraded to Neutral from Buy at BofA/Merrill)
- EXC -1.9% (downgraded to Sell from Neutral at Goldman)
- BOJA -1.1% (downgraded to Equal-Weight from Overweight at Stephens)
- SLB -0.5% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- SNE -0.5% (downgraded to Equal Weight from Overweight at Morgan Stanley)