Gapping down
In reaction to disappointing earnings/guidance:
- HSBC -5.6%, UUUU -1.8%, CLX -0.6%
Other news:
- TLSA -11.9% (prices follow-on offering of 11,009,615 of American Depositary Shares at $5.20 per ADS)
- TNAV -3.7% (files for $100 mln common stock offering)
- DT -2.6% (commences public offering of 25 mln shares of common stock by certain selling stockholders)
- VBIV -1.7% (files for $125 mln mixed securities shelf offering)
- COF -1.2% (reduces quarterly dividend to $0.10/share from $0.40/share)
- OTIS -0.5% (files mixed securities shelf offering, no amount given)
Analyst comments:
- RDFN -3.3% (downgraded to Neutral from Buy at Compass Point)
- HP -2% (downgraded to Underweight from Equal Weight at Barclays)
- FSK -1.8% (downgraded to Neutral from Overweight at JP Morgan)
- SEDG -0.6% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)