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Stocks Gapping Down 2018-03-05

DERM Dermira, Inc. (DERM) 62.9; Announced that the investigational treatment olumacostat glasaretil (formerly DRM01) did not meet the co-primary endpoints in its two Phase 3 pivotal trials (CLAREOS-1 and CLAREOS-2) in patients ages nine years and older with moderate-to-severe acne vulgaris.

QCOM Qualcomm (QCOM) 1.6; CFIUS issued an interim order for Qualcomm (QCOM) to postpone its annual stockholder meeting and election for 30 days CFIUS imposed an order to investigate Broadcom's (AVGO) proposed acquisition of Qualcomm.

PK Park Hotels & Resorts (PK) 1.5; BofAMerrill Lynchh downgraded from Neutral to Underperform with a price target of $22.00 (from $30.00).

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