Gapping down
In reaction to disappointing earnings/guidance:
- PAYS -20.5% (postpones earnings call), BB -14.6%, VRNT -12.3%, GVA -1.1%
Other news:
- DK -8.5% (to dropdown logistics assets to DKL)
- MAR -7.8% (disclosing data breach that impacted 5.2 mln customers)
- CAR -7.5% (attributed to block trade)
- GIII -6.2% (announces employee furloughs)
- TWO -6.1% (details additional risk factors in 10-K)
- NOC -5.3% (files mixed securities shelf offering)
- SIX -4.5% (adopts short-term stockholder rights plan)
- MTCH -4.4% (says it's seeing fewer new users joining; also co has delayed several product feature and press launches)
- HPQ -3.8% (Xerox withdraws its offer to acquire HPQ)
- AGNC -3.2% (believes that the worst is behind it for its Agency MBS portfolio)
- MMM -2.4% (provides details about capacity increases of N95 respirators)
- JKS -2.4% (sings a one-year AUD37 million line of credit agreement with the National Australia Bank)
- XRX -2.2% (Xerox withdraws its offer to acquire HPQ)
- SGMS -2.1% (signs new 4-year deal with LOTTO Bayern in Germany)
Analyst comments:
- SYK -8% (downgraded to Sell from Buy at Goldman)
- I -5.9% (downgraded to Sell from Neutral at Goldman; tgt lowered to $0.50)
- TSLA -3.7% (Bernstein stays Market Perform rated on TSLA, $730 tgt; "materially" lowering 2020 ests)
- T -3.4% (downgraded to Neutral from Overweight at JP Morgan)
- VAR -2.6% (downgraded to Neutral from Buy at Goldman )
- BRKR -2.5% (downgraded to Hold at Needham)