Gapping down
In reaction to earnings/guidance:
- LCI -12.6%, ANGI -7.4%, QCOM -6.3%, QRVO -6.2%, APD -4.6%, COR -4.5%, CTSH -4.2%, UL -4.1%, ABB -3.8%, MUSA -3.3%, NTGR -3%, NOK -3%, CI -3%, GRUB -2.7%, DB -2.3%, GPI -2.3%, BLL -2.2%, LNC -2%, ELF -1.9%, EZPW -1.9%, PENN -1.9%, RDS.A -1.8%, CMI -1.5%, AVB -1.4%, SBH -1%
Other news:
- HYRE -16.8% (announces the pricing of its previously announced underwritten public offering of 2,200,000 shares of common stock of the company at a price to the public of $11.75/share)
- DRRX -13.6% (stock offering)
- ISR -11.1% (stock offering)
- AQB -10.1% (stock offering)
- KLDO -10% (prices offering of 5.25 mln shares of common stock at $11.50 per share)
- AWH -7.6% (stock offering)
- AGLE -6.8% (CFO to step down)
- IEA -6% (stock offering)
- OEG -3.8% (files for $150 mln mixed securities shelf offering)
- TEN -3.6% (Carl Icahn lowers active stake)
- ALB -3.6% (prices offering of 8,496,733 shares of its common stock at $153.00 per share)
- CURI -3.5% (prices offering of 6.5 mln shares of common stock at $13.50 per share)
- PEB -3% (launches convertible notes offering)
- QMCO -2.9% (stock offering)
- QTRX -2.7% (pricing of its previously announced underwritten public offering of 3,571,428 shares of its common stock at a public offering price of $70.00/share)
- AAL -2.6% (sends letter to employees, will begin issuing Worker Adjustment and Retraining notices covering 13,000 team members Friday)
- MMYT -2.1% (convertible notes offering)
- CB -1.4% (authorizes $1 bln increase to share repurchase program)
Analyst comments:
- SPWR -3.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- XRX -2.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- FMS -2.1% (downgraded to Neutral from Overweight at JP Morgan)
- VIAC -2.1% (downgraded to Sell from Hold at Deutsche Bank)