Gapping down
In reaction to disappointing earnings/guidance:
- MODN -0.9% (guides above consensus for SepQ; also new CFO)
M&A news:
- AMD -3.7% (on reports that AMD is in advanced talks to buy rival chip maker Xilinx)
Other news:
- NTCO -4.2% (priced a global offering of the total 121,400,000 common shares for approximately R$5.6 billion at a public offering price of R$46.25 per share or US$16.4591 per ADS)
- SRNE -0.5% (stock offering)
Analyst comments:
- ASAN -1.9% (initiated with Underperform at Bernstein)
- AMGN -0.6% (multiple analyst downgrades)
- NVDA -0.3% (downgraded to Sell from Neutral at New Street; tgt $400)