>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance:

  • VRAY -51.2% (also CFO resigns effective September 30; so says it is in the midst of a retained search to find his replacement), FTCH -36.5% (also also agrees to acquire 100% of the shares of New Guards Group for a total enterprise value of $675 mln), NKTR -31.6%, PUMP -30.8% (also files to delay its 10-Q; co is in the process of conducting an internal review), FSLY -21.8%, WTRH -21.5%, DXC -21.2%, MESA -18.1%, QNST -16%, PYX -14.1%, RVLV -12.6%, AAXN -12.3%, CNDT -12.2%, VSLR -11.3%, HEAR -10.9%, TPC -9.5%, USCR -9.1%, AVT -8.9%, UBER -8.4%, AXDX -6.7%, XON -5.5%, ALTR -5.2%, DBX -5%, TSE -4%, TTD -3.8%, OSTK -3.2%, WPM -2.6%, TERP -2.6%, AL -2.2%, MAIN -1.9%, ATVI -1.8%, BHVN -1.8%, AIMT -1.5%, FLNT -1.4%, VRTU -1.4%, SYNA -1.3%

Other news:

  • AMRN -20% (receives notice of FDA AdCom for Vascepa sNDA, anticipates that PDUFA date will be extended)
  • CTST -9.8% (CannTrust's auditor is withdrawing its report dated March 27, 2019 on the Company's consolidated financial statements as at and for the year ended December 31, 2018)
  • MAT -9.5% (discloses that, on August 6, it was made aware of an anonymous whistleblower letter)
  • QSR -4.3% (files mixed securities shelf offering for an undisclosed amount; also files prospectus supplement for 20 mln common share offering by selling shareholder - affiliate of 3G Capital Partners)
  • PMT -4.1% (prices underwritten public offering of 8 mln common shares of beneficial interest for total estimated gross proceeds of approximately $174 mln)
  • KALA -3.3% (receives complete response letter from FDA for KPI-121 0.25% NDA; clinical trial will be needed to support a resubmission)
  • STML -3% (prices underwritten public offering of 5 mln shares of its common stock at a price of $15.25 per share)
  • SILK -1.1% (prices upsized secondary public offering of 4.2 mln shares of common stock by certain selling stockholders at $39.50 per share)

Analyst comments:

  • N/A.

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance:

  • PBYI +19.7%, SIEN +11.8%, ELY +10.5%, ALRM +10.2%, FNKO +7.9%, WPRT +7.7%, LGF.A +6.1%, YELP +5.9%, EPAY +5.8%, UNIT +5.6%, WPP +5.3%, DPLO +5.3%, FGEN +5.1%, OMER +4.2%, PCTY +3.1%, MTW +3%, VSAT +2.9%, SYMC +2.4% (Symantec confirms sale of its enterprise security business to Broadcom (AVGO) for $10.7 bln in cash), BRFS +2.2%, CHUY +2%, COLD +1.9%, APPN +1.8%, JAG +1.8%, ASYS +1.7%, RBA +1.4%, BGNE +1.1%, IIIV +1%

M&A news:

  • GRPN +1.1% (acquires Presence AI; terms not disclosed)

Other news:

  • EIDX +15.4% (BridgeBio Pharma (BBIO) affirms 66.7% active stake, delivers letter setting forth non-binding proposal to acquire all remaining shares for a fixed exchange ratio of 1.30 shares of the Reporting Person for each share of the Issuer)
  • LXRX +7% (announces publication of "positive" data for Zynquista (Sotagliflozin) on cardiorenal clinical biomarkers in adults with type 1 diabetes)
  • DPLO +5.3% (reviewing strategic alternatives)
  • AZN +2.2% (Tagrisso significantly improves overall survival in the Phase III FLAURA trial for 1st-line EGFR-mutated non-small cell lung cancer )
  • CLVS +2.1% (modestly rebounding; also prices $250 mln of 4.50% convertible senior notes due 2024)

Analyst comments:

  • N/A

>>> US Early premarket gappers

Early premarket gappers

Gapping up:

  • PBYI +22.7%, EIDX +15.4%, ALRM +13.9%, LXRX +11.7%, SIEN +11.4%, WPRT +7.7%, FNKO +7.6%, ELY +5.8%, UNIT +5.6%, YELP +5%, OMER +4.2%, VSAT +3.7%, PCTY +3.1%, MTW +3%, USCR +2.8%, APPN +2.7%, TERP +2.4%, EPAY +2.3%, CHUY +2%, LGF.A +1.9%, COLD +1.9%, JAG +1.8%, ASYS +1.7%, FGEN +1.6%, RBA +1.4%, CLVS +1.2%, SYMC +1.2%, GRPN +1.1%, BGNE +1.1%, IIIV +1%

Gapping down:

  • VRAY -46.6%, FTCH -37%, NKTR -32.4%, PUMP -31.3%, FSLY -23.6%, WTRH -21.5%, AMRN -20%, DXC -19.1%, MESA -18.1%, QNST -16%, VSLR -14.5%, RVLV -12.8%, HEAR -12.7%, XON -11.4%, MAT -9.5%, TPC -9.5%, PYX -9.4%, AVT -9.1%, KALA -8.9%, UBER -8.9%, CNDT -8.7%, AAXN -8.6%, TSE -7.1%, AXDX -6.7%, OSTK -6.1%, ALTR -5.2%, DBX -5%, TTD -5%, PMT -4.5%, WPM -3.2%, QSR -2.3%, AL -2.2%, MAIN -1.9%, BHVN -1.8%, ATVI -1.5%, AIMT -1.5%, FLNT -1.4%, VRTU -1.4%, SYNA -1.3%, WDC -0.9%