Gapping down
In reaction to earnings/guidance:
- FSLY -28.2% (lowers Q3 rev guidance below consensus), AA -6.2%, ACCD -5.7%, TFC -1.7%, TSM -1.6%, CMC -0.9%, UAL -0.8%, MS -0.6%
Select Index ETFs showing weakness:
- QQQ -1.4%, SPY -1%, DIA -0.9%, IWM -0.8%
Other news:
- VVPR -19.7% (prices offering of 2,941,176 of its ordinary shares at $8.50 per share)
- LEAF -12.2% (files for $100 mln mixed shelf offering; also files for 8 mln share offering by selling shareholders)
- VRTX -11.6% (to stop dosing in Phase 2 trial of VX-814 and will discontinue development)
- NET -7.3% (in sympathy with weak FSLY guidance)
- AMCX -7.3% (announces preliminary results of modified Dutch auction tender offer)
- SIBN -5% (prices offering of 3,190,053 shares of its common stock at $22.00 per share)
- AKAM -3.7% (in sympathy with weak FSLY guidance)
Analyst comments:
- ROKU -3.7% (says it's pleased with patent non-infringement verdict)
- AMZN -1.7% (reaches NFL playoff game streaming deal, according to Variety)
- CPSS -1.1% (acknowledges receipt of interest from third party)
- TTD -4.3% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- ROKU -3.7% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- OKE -3.4% (downgraded to Sell from Neutral at Goldman)
- MDLZ -1.2% (downgraded to Neutral from Buy at Guggenheim)
- DUK -1.1% (downgraded to Neutral from Outperform at Credit Suisse)
- WMB -1.1% (downgraded to Neutral from Buy at Goldman)