Gapping down
In reaction to disappointing earnings/guidance:
- FARM -6%, COOL -4.6%, WBC -3.5% (lowered guidance)
Other news:
- VTL -88.9% (announces that the VTL-308 study failed to meet its primary or secondary endpoint)
- PGTI -9.4% (commenced an underwritten public offering, subject to market and other conditions, of 7,000,000 shares of its common stock)
- COLD -3.1% (announces public offering of 31.0 mln common shares by company and selling shareholders)
- NLY -2.9% (prices 75 mln common stock offering)
- FRC -2% (to sell 2 mln shares in public offering)
- CADE -1.6% (prices 12,099,757 common stock offering at $27.55/share)
- CISN -1.6% (commences proposed public offering of 12 mln ordinary shares by certain selling shareholders)
- PACB -1.5% (prices offering of 14,117,647 shares of its common stock at $4.25 per share)
- S -1.3% (FCC releases letter pausing the T-Mobile (TMUS) -Sprint transaction clock)
Analyst comments:
- SNAP -4.3% (downgraded to Sell from Neutral at BTIG Research)
- MU -3.9% (downgraded to Neutral from Buy at Goldman)
- AYI -2.7% (downgraded to Sell from Neutral at Goldman)
- LRCX -2.2% (downgraded to Neutral from Buy at Goldman)
- MXIM -1.7% (downgraded to Hold from Buy at Stifel)
- NXPI -1.3% (downgraded to Sell at Stifel)
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