Stone Energy, Skechers, Supreme Industries, and More: What is Going On With These Falling Stocks?

Twilio Inc (NYSE:TWLO) is down 6.3% after after the company announced the pricing of its follow-on offering of 7 million shares of class A common stock at $40 per share. In addition, the Twilio has granted underwriters a 30-day option to purchase up to 1.05 million additional shares at the same price. Twilio went public in June and nine funds tracked by us were long Twilio Inc (NYSE:TWLO) at the end of the second quarter.

La-Z-Boy Incorporated (NYSE:LZB) is 7% in the red after it commented on anticipated results for the fiscal 2017 second quarter. Specifically, the company anticipates sales for the period to be 1% to 2.5% lower than last year’s second-quarter sales of $382.9 million due to weaker demand throughout the retail home furnishings sector. La-Z-Boy also expects EPS to be in the range of $0.37-$0.39. The number of funds from our database with holdings in La-Z-Boy Incorporated (NYSE:LZB) fell by two quarter-over-quarter to 19 at the end of June.

Traders have punished Supreme Industries, Inc. (NYSEMKT:STS) to the tune of 18.88% after the company reported its third-quarter results. Although EPS of $0.29 was $0.03 per share ahead of estimates and revenue of $74.8 million beat the expectations by $4.8 million, the company’s order backlog came in at $58.1 million, down from the $74.4 million at the end of last year’s same quarter. The company also said that “industry-wide growth in commercial truck sales decelerated during the summer months, suggesting moderate order activity through year end”. That statement may have spooked some traders. Jim Simons’ Renaissance Technologies raised its stake in Supreme Industries, Inc. (NYSEMKT:STS) by 61% to over 528,000 shares in the second quarter.

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