Gapping down
In reaction to disappointing earnings/guidance:
- UN -6% (lowers outlook), NAV -4.2%, STLD -1.4%
Other news:
- MEIP -22.3% (announces offering)
- CLVS -8.4% (files for $250 mln mixed shelf offering)
- CARS -3% (CEO resigns)
- APTO -2.9% (announces offering)
- ROKU -2.6% (CFO to step down)
- AA -1.6% (to permanently close Point Comfort alumina refinery in Texas)
- JCAP -1.6% (agrees to internalize external manager)
- BA -1.4% (confirms it will suspend 737 MAX production in Jan)
Analyst comments:
- SYNA -5% (downgraded to Sell from Neutral at Rosenblatt)
- SCPL -3.6% (downgraded to Sell from Buy at Goldman)
- GRPN -3% (downgraded to Sell from Neutral at Goldman)
- EAF -2.2% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- CTL -1.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- AA -1.6% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- BAX -1.6% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- DHI -1.3% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- ALXN -1.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- CLR -1.1% (downgraded to Sell from Neutral at Goldman)