Gapping down
In reaction to earnings/guidance:
- SFIX -7.6%, ACB -1.4%
Other news:
- GLT -14.8% (suspended the Company's quarterly cash dividend as part of its focused efforts to optimize the operational and financial results of the business)
- TME -2.6% (successfully lists on Hong Kong Stock Exchange)
- OSUR -1.8% (awarded CDC contract)
- CLPT -1.3% (appoints new COO)
- CNM -0.9% (to acquire Distributors Inc.)
- UAL -0.8% (did not perform inspections on some jets according to WSJ)
- NVS -0.7% (plans to petition the U.S. Supreme Court to uphold validity of the Gilenya (fingolimod) dosing regimen patent)
Analyst comments:
- MU -2.5% (downgraded to Neutral from Buy at Mizuho)
- WDC -2.1% (downgraded to Neutral from Buy at Mizuho)
- CSCO -1.8% (downgraded to Equal Weight from Overweight at Barclays)
- SQ -0.5% (downgraded to Neutral from Outperform at SMBC Nikko)