Gapping downGapping down (Briefing note: With US futures down 1%+ most stocks are trading lower. The following represents those with specific catalysts)
Select ETFs showing weakness:
- USO -3.5%, XLE -1.8%, IWM -1.5%, SMH -1.3%, QQQ -1.2%, DIA -1.1%, SPY -1%, .
Other news:
- TOI -8.8% (files for 11.5 mln share common stock offering; also files for 63,054,367 share common stock offering by selling shareholders)
- AQUA -3.9% (acquires Renal Business from STERIS)
- APTO -2% (to discontinue APTO-253 Program)
- VTRS -1.3% (pushes back its investor event, reaffirms FY21 guidance)
- NVS -1.1% (provides an update on Phase III ligelizumab studies)
Analyst comments:
- RUN -9.5% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- CGC -3.9% (downgraded to Underweight from Neutral at Piper Sandler)
- REG -1.6% (downgraded to Neutral from Overweight at JP Morgan)
- EXR -1% (downgraded to Neutral from Overweight at JP Morgan)