Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
Other news:
- SPR -5.2% (in sympathy with Boeing production cut; although - will maintain its 737 deliveries to Boeing (BA) at the current rate of 52 shipsets per mont)
- BA -4.1% (temporarily cut 737 MAX production rate from 52 airplanes per month to 42 airplanes per month starting in mid-April; will establish committee to review plane design and development)
- OCUL -2% (entered into $50 mln Open Market Sale Agreement)
- TTNP -1.9% (files for $50 mln mixed securities shelf offering)
- SPPI -1.9% (files for $150 mln mixed securities shelf offering)
- ATI -1.9% (BA sympathy)
- HXL -1.2% (BA sympathy)
- XLRN -1.1% (announces departure of Chief Medical Officer)
- UTX -0.9% (BA sympathy)
Analyst comments:
- GE -5.7% (downgraded to Underweight from Neutral at JP Morgan)
- ROKU -5.2% (downgraded to Sell from Neutral at Citigroup)
- RDFN -2.6% (downgraded to Neutral from Positive at Susquehanna)
- MU -2.2% (downgraded to Market Perform at Cowen)
- CLX -2% (downgraded to Underweight from Neutral at JP Morgan)
- HOG -1.4% (downgraded to Market Perform from Outperform at Wells Fargo)
- LUV -1.4% (downgraded to Mkt Perform from Outperform at Raymond James)
- AYR -1.2% (initiated with a Sell at Goldman)
- SBUX -1.1% (downgraded to Neutral from Buy at UBS)