Gapping down
In reaction to earnings/guidance:
- PTON -15.9%, ANF -11.4%, SPLK -9.9%, BURL -9%, DLTR -8.1%, CRM -6.9% (also authorizes new $10 bln share repurchase program), VSCO -5.4%, ZUO -5% (also to acquire Zephr), BOX -3.6%, NVDA -3.5%, DG -2.3%
Other news:
- PDSB -1% (files for $150 mln mixed securities shelf offering)
- NVS -0.5% (intends to separate Sandoz business to create a standalone company by way of a 100% spin-off)
Analyst comments:
- EWTX -3.5% (downgraded to Sell from Neutral at Goldman)