Gapping down
In reaction to disappointing earnings/guidance:
- ORCL -2.4%, AVGO -2%, CNC -1.6%, COST -0.7%
Other news:
- UTI -8.8% (announces secondary offering of 3.6 mln shares of common stock by selling shareholders)
- AQST -8.8% (priced its public offering of 7 mln shares of common stock at a public offering price of $5.00/share)
- NEXT -8% (files for 10,074,482 share common stock offering by selling stockholder)
- ASPU -3.3% (announces proposed public offering of common stock)
- PHR -3.2% (prices 6,750,000 shares of its common stock at a price to the public of $26.00/share)
- LULU -1.3% (attributed to block trade pricing)
- SD -1.1% (initiates series of actions designed to improve shareholder value)
Analyst comments:
- AIMT -4.9% (downgraded to Neutral from Outperform at Credit Suisse)
- PTEN -3.3% (downgraded to Underweight from Neutral at JP Morgan)
- HBI -2.2% (downgraded to Underperform from Neutral at BofA/Merrill)
- GLPG -1.9% (downgraded to Neutral from Outperform at Credit Suisse)
- NBIX -1.3% (downgraded to Neutral from Outperform at Credit Suisse)
- GILD -0.9% (downgraded to Underperform from Neutral at Credit Suisse)