>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

  • GME -15.5%, PLCE -14.8%, UNFI -14.4%, AGX -6.2%, HD -1.4% (reaffirms FY20 guidance and provides FY21 guidance)

Other news:

  • AQST -14.1% (to offer and sell $35 mln of shares of its common stock in an underwritten public offering)
  • MDGL -9.3% (announces pricing of secondary offering at $107.85/share)
  • RCKT -6.1% (prices underwritten public offering of 3.82 mln shares of its common stock at a public offering price of $22.25 per share)
  • KIDS -4.1% (commences offering of common stock by certain selling stockholders)
  • MNTA -3.4% (announces public offering of $200 mln of shares of its common stock)
  • PMT -2.9% (prices underwritten public offering of 8 mln common shares of beneficial interest for total estimated gross proceeds of approximately $177 mln)
  • DOOO -2.2% (ticking lower; BRP Inc and its principal shareholders announce C$305.85 mln bought deal secondary offering)
  • DBX -1.9% (Chief Customer Officer Yamini Rangan to step down)
  • PI -0.7% (announces private offering of $75 mln aggregate principal amount of Convertible Senior Notes due 2026)

Analyst comments:

  • CI -1.1% (downgraded to Underperform at Wells Fargo)
  • UPS -0.8% (downgraded to Market Perform from Outperform at BMO Capital Markets)
  • GLNG -0.7% (initiated with a Sell at Goldman; tgt $12)