Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- LESL -20.1%, WOOF -13.3%, JBL -7.6% (lower guidance, cites softening demand from short-term inventory corrections), PDCO -7.3%, BILI -4.4%, HRL -2.2%, DLTR -2.1%, AZEK -1.7%
Other news:
- SEEL -40.8% (commences stock offering; subsequent 15% buyback)
- FTCH -12.9% (will not announce Q3 results)
- VERV -10.1% (announces public offering $35 mln; and concurrent private placement to LLY)
- LVS -4.1% (prices secondary offering of 46264168 shares of its common stock at $44.00 per share)
- FLEX -3.1% (in sympathy with JBL lowered guidance)
- PCG -2.9% (proposes offering of $1.5 bln convertible senior secured notes due 2027 to repay portion of existing term loan)
- SBSW -1.3% (begins repositioning its US PGM operations for lower cost structure to secure operational sustainability)
Analyst comments:
- GOL -2.6% (downgraded to Sell from Neutral at Citigroup)
- CAE -2.2% (downgraded to Underperform from Neutral at BofA Securities)
- HSY -0.5% (downgraded to Neutral from Overweight at Piper Sandler)