Gapping down
In reaction to earnings/guidance:
- TTOO -15.7% (sees Q4 above consensus), FFIV -7.2%, HOPE -6.8%, MNRO -6.6%, CNI -6.2%, DZSI -4.8% (sees Q4 revs above consensus, also announces stock offering), BA -4.3%, LRN -3.8% (also CEO retires), VFC -3.4%, HA -3.3%, AMD -3.1%, NAVI -3%, TXN -2.9%, SBUX -2.8% (also COO to step down; CFO to retire), UMBF -2.6%, T -2.6%, AGYS -2.5%, XLNX -2.2%, MKTX -1.7%, ANTM -1.4%, UMC -1.2%, SCCO -1.2%, ADP -1%, ABT -1%
Other news:
- TRXC -12.7% (prices offering of 23,083,333 shares of common stock at $3.00 per share)
- PLUG -12.5% (prices offering of 28 mln shares of common stock at $65.00 per share)
- SCPS -9% (prices offering of 1 mln shares of common stock at $9.00 per share)
- PSNL -8.3% (prices offering of 3.95 mln shares of common stock at $38.00 per share)
- CBIO -3.6% (stock offering)
- QUMU -3.5% (prices offering of 3,225,000 shares of its common stock at a price to the public of $6.75/share)
- CCL -2.4% (mixed shelf offering)
- TWO -1.4% (convertible notes offering; also provides Q4 update)
- UAVS -1.4% (agrees to acquire MicaSense for $23 mln in cash and stock)
- LVS -1.3% (names new CEO, COO, CFO)
- CALT -1.1% (stock offering)
- SYF -1.1% (approves $1.6 bln share repurchase program)
- GNW -1% (COO to step down)
Analyst comments:
- VIR -10.1% (downgraded to Underweight from Neutral at JP Morgan)
- UNFI -5.8% (downgraded to Underweight from Equal Weight at Wells Fargo)
- SPWR -5% (downgraded to Neutral from Overweight at Piper Sandler)
- ULTA -2.3% (downgraded to Neutral from Buy at Citigroup)
- MTZ -2.2% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- UAA -1.7% (downgraded to Neutral from Buy at Citigroup)
- V -1.7% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- MA -1.6% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- ACI -0.8% (downgraded to Equal Weight from Overweight at Wells Fargo)
- XRX -0.8% (downgraded to Neutral from Outperform at Credit Suisse)