Gapping down
In reaction to disappointing earnings/guidance:
- PI -33.1%, NGVC -20.7%, OSIS -16.4%, (also discloses DOJ & SEC investigations in the wake of Muddy Waters report), VREX -10.2%, MAT -8%, YRCW -7.7%, ACET -7%, BT -6.5%, GPRO -6.2%, DB -6%, GOOG -3.1%, WETF -3.1%, AMGN -2.4%, IIVI -2%, V -1.8%, CLX -1.6%, MWA -1.5%, SNDR -1.3%, OSB -0.8%, WY -0.5%, AZN -0.5%
Other news:
- CVO -50.4% (announces agreement with first lien noteholders to recapitalize balance sheet)
- OPGN -17.8% (prices public offering of an aggregate of 3,692,307 units at a public offering price of $3.25 per unit)
- SHLX -8.2% (commences 25 mln unit offering)
- ATNM -7.7% (indicated lower on rights offering news)
- SNHY -3% (upsizes offering and prices 4.4 mln shares of common stock at $57.50 per share)
- GSV -2.2% (announces C$20.0 million bought deal financing - underwriters to buy on a bought deal basis 9,756,100 common shares at C$2.05 per common share )
Analyst comments:
- MNK -3% (downgraded to Underweight from Equal Weight at Barclays)
- TSCO -2.7% (downgraded to Underperform from Buy at BofA/Merrill)
- JKS -1.9% (initiated with a Sell at Vertical Group)
- HPQ -1.4% (downgraded to Neutral from Buy at Mizuho)
