Gapping down
In reaction to earnings/guidance:
- BIRD -22.5% (also announces strategic transformation plan, will slow pace of openings; also names new CFO), DOCU -14% (also CFO to step down), ZUMZ -9.9%, AVO -8.1%, GPS -7.2% (also announces changes to exec leadership team), JKS -7%, GENI -5.6%, ORCL -4.9% (also increases dividend), AVPT -4.5%, ULTA -1.5%
Other news:
- SIVB -45.1% (Founders Fund has advised cos to pull money from Silicon Valley Bank, according to Bloomberg)
- NNDM -5.8% (NNDM makes formal offer to acquire SSYS for $18/sh)
- IMCR -1.5% (informs its investors that it does not hold cash deposits or securities at Silicon Valley Bank)
- VCTR -1.1% (reports Feb AUM)
Analyst comments:
- EGO -1.1% (resumed with an Underperform at BofA Securities)