Gapping down
In reaction to disappointing earnings/guidance:
- OSPN -25.3% (also to delay 10-Q filing), JMIA -18.8%, SMCI -7%, RRGB -6.4%, HCAT -4.6%, ALEC -4%, LMND -3.6%, VIAV -3%, KMDA -2.4%, PFGC -0.8%
M&A news:
- MR -7.9% (to be acquired by Southwestern Energy (SWN) in an all-stock transaction)
- SWN -4.9% (acquiring MR in all-stock deal; commences 55 mln common stock offering)
- STNE -1.3% (confirms combination agreement with LINX; also stock offering)
Other news:
- TRVN -14.6% (stock offering)
- HLX -9.6% (prices offering of $200 mln principal amount of 6.75% Convertible Senior Notes due 2026)
- PLUG -9.4% (prices offering of 30,675,000 shares of its common stock at $10.25 per share)
- PSNL -7.5% (prices offering of 6,578,947 shares of its common stock at $19.00 per share)
- GFF -6.4% (stock offering)
- TFII -5.4% (stock offering)
- OMER -5% (priced concurrent underwritten public offerings of 6,900,000 of shares of its common stock at $14.50/share)
- MCRB -4.6% (stock offering)
- ADVM -4.4% (stock offering)
- OSTK -2.4% (prices offering of 2.1 mln shares of common stock at $84.50 per share)
- WYND -1.7% (confirms cut in dividend)
- PRTS -1.6% (stock offering)
- STC -1.3% (stock offering)
- NFG -1.2% (files mixed securities shelf offering)
Analyst comments:
- TGI -2% (downgraded to Underweight from Neutral at JP Morgan)
- BR -0.8% (downgraded to Neutral from Buy at BTIG Research)
- DE -0.6% (downgraded to Hold at Deutsche Bank)