Gapping down
In reaction to earnings/guidance:
- GBX -5%
Select Index ETFs showing early weakness:
- QQQ -0.7%, SPY -0.6%, IWM -0.6%, DIA -0.5%
Other news:
- SWVL -11% (to acquire Mexico-based Urbvan Mobility; acquisition is expected to be completed in Q3 2022)
- MGNX -10% (Announces Closure of CP-MGA271-06 Study Evaluating Enoblituzumab plus Checkpoint Inhibition in Head and Neck Cancer)
- LVS -5.4% (entered into a loan agreement with Sands China)
- TWTR -5.3% (Elon Musk sent a letter to Twitter formally notifying Twitter that Elon Musk is terminating their merger agreement; Twitter Board confident in merger agreement and intends to close transaction at $54.20 per share price)
- RADA -3.4% (releases Leonardo DRS presentation)
- NIO -3.3% (provides update on response to short seller report)
- LLAP -3.1% (files for 27,714,791 share common stock offering by selling shareholder)
- SU -2.3% (CEO to step down immediately, appoints Kris Smith as Interim CEO)
- UBER -2.2% (Uber attempted to lobby politicians and broke laws in effort to expand globally, according to The Guardian)
- VIPS -1.3% (Chief Technology Officer Pengjun Lu tendered the resignation from his current position due to personal reasons effective July 11)
- GFI -1.1% (Gold Fields provides update on Yamana Gold (AUY) acquisition)
Analyst comments:
- DOCN -7.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- DUOL -3.7% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- BROS -3.5% (downgraded to Neutral from Outperform at Robert Baird)
- ABC -2.5% (downgraded to In-line from Outperform at Evercore ISI)
- BDX -2.5% (downgraded to Sell from Neutral at Citigroup)
- AME -2.3% (downgraded to Neutral from Buy at BofA Securities)
- ALLE -1.4% (downgraded to Neutral from Buy at BofA Securities)
- ABB -1.3% (downgraded to Neutral from Buy at Citigroup)