Gapping down
In reaction to earnings/guidance:
- KOD -6.5%, DMS -5.4%, COTY -4.6%, CEVA -3.7%, FF -2.9%, APD -1.9%, ASX -1.8% (April sales), QURE -1.7%, BHVN -1.7%, MAR -1.5%, KOS -1.3%, TSM -1.1% (April sales)
Other news:
- INSM -13.3% (intends to offer and sell $250 million of its common stock and $500 mln convertible senior notes due 2028 in separate concurrent underwritten public offerings)
- CLSD -4% (announces multiple poster presentations at the association for Research in Vision and Ophthalmology 2021 Virtual Meeting)
- DVAX -2.7% (proposed private offering of $200 million of convertible senior notes)
- PK -2% (to sell two assets for combined gross proceeds of $149.0 million, or approximately $360,000 per key)
- JFIN -1.2% (files for $200 mln mixed securities shelf offering)
- LCII -1% (announces proposed offering of $400 million aggregate principal amount of convertible senior notes)
Analyst comments:
- FB -1.2% (downgraded to Neutral from Buy at Citigroup)
- GOOG -0.9% (downgraded to Neutral from Buy at Citigroup)
- ORCL -0.9% (downgraded to Equal Weight from Overweight at Barclays)
- CAH -0.8% (downgraded to Neutral from Outperform at Robert W. Baird)
- INTC -0.7% (downgraded to Underweight from Neutral at Atlantic Equities)