Gapping down
In reaction to disappointing earnings/guidance:
- TSE -12.3%, COF -5.9%, QUOT -2.6%, LRN -2%, ROL -1.6%, IBKR -1.1%, SRLP -0.8%, HOPE -0.6%
Other news:
- AVCO -24.3% (after closing up more than 120% on the day)
- PTCT -9% (commences offering of $200 mln in common stock)
- CWST -5.1% (proposed underwritten public offering of 3.1 mln shares of its Class A common stock)
- TIGO -4.3% (Millicom International Cellular confirms preliminary discussions regarding possible offer for all the shares of the Company have been terminated by Liberty Latin America (LILA LILAK) without an offer being made)
- APHA -3.4% (halted in Canada)
- CPLP -2.7% (lowers qtrly cash distribution to $0.045 per common unit, prior $0.08 per common unit)
- QCOM -1.7% (continued weakness being attributed to Kerrisdale short speculation and ahead of earnings next week on Jan 30 after the close)
- URGN -1% (UroGen Pharmat o offer $150 mln of ordinary shares in an underwritten public offering)
Analyst comments:
- WSM -2.7% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- AGCO -1.5% (downgraded to Underweight from Equal Weight at Barclays)
- MYL -1.4% (downgraded to Neutral from Buy at UBS)
- TSLA -1.3% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- TXRH -1.3% (downgraded to Hold from Buy at Stifel)
- TOL -1% (downgraded to Neutral from Buy at Mizuho)
- MRK -0.8% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- PFE -0.8% (downgraded to Neutral from Buy at UBS)
- DLPH -0.7% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- LOW -0.6% (downgraded to Hold from Buy at Loop Capital)