Gapping down
In reaction to disappointing earnings/guidance:
- SPB -6%, JD -4.1%
Other news:
- AQST -9.9% (receives Complete Response Letter from FDA for Tadalafil Oral Film)
- PCG -4.7% (updates on restoration progress in Butte County, provides second electric incident report to CPUC)
- QEP -3.2% (to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley for $735 mln)
- CRSP -3.1% (critical FT opinion piece)
- MU -1.7% (China has accused various chipmakers of antitrust violations (MU, SSNLF))
- AAPL -1.6% (cut production orders for all three new iPhones it launched in September, according to WSJ)
Analyst comments:
- RHI -2.6% (downgraded to Underweight from Overweight at Barclays)
- JBLU -1.6% (initiated with a Underperform at Credit Suisse)
- SCHW -1% (downgraded to Neutral from Buy at UBS)
- AMH -0.6% (downgraded to Outperform from Strong Buy at Raymond James)