Gapping down
In reaction to earnings/guidance:
- ASAN -25.7%, FOSL -14.7%, BASE -13.8%, BBW -12.1%, BEKE -10.6%, FCEL -6.8%, JD -6.1%, BZUN -5.2%, SEAT -1.9%, GE -0.7% (reaffirms FY22 guidance at Investor Day)
Other news:
- CPNG -11.4% (attributed to block trade pricing)
- MGY -6.3% (announces proposed block trade of 7.5 mln shares)
- HRZN -5.9% (stock offering)
- NIO -3.8% (listed successfully on Main Board of Stock Exchange of Hong Kong)
- NARI -2.9% (announces 2.0 mln share underwritten public offering)
- ML -2.4% (discloses non-reliance on previously issued financial statements)
- NTLA -1.5% (confirms receipt of Orphan Drug Designation for NTLA-5001)
- CROX -1.3% (pauses operations and importation of goods in Russia)
- JCI -1% (increases dividend)
- COST -1% (COO to retire)
Analyst comments:
- GRBK -6% (downgraded to Underweight from Neutral at JP Morgan)
- CSCO -2.1% (downgraded to Equal Weight from Overweight at Wells Fargo)
- MTD -2% (downgraded to Sell from Neutral at Goldman)
- MCD -1% (downgraded to Neutral from Buy at Northcoast)
- DIS -0.6% (downgraded to Neutral from Overweight at Atlantic Equities)