Gapping down
In reaction to earnings/guidance:
- AUDC -10.9% (guidance), WDFC -4.8%, IMOS -4.7% (Q1 revs), TSM -1.2% (Q1 revs), UMC -0.5% (March revs)
Other news:
- TUP -12.8% (takes action to improve capital structure and liquidity position)
- CRNC -4.8% (Chief Technology Officer Prateek Kathpal has notified Cerence of his decision to resign effective as of May 8, 2023, in order to pursue another opportunity)
- COF -3.5% (Walmart terminates credit card partnership agreement)
- FRC -3.3% (discloses that it suspended payment of the quarterly cash dividend on each series of the bank's outstanding noncumulative perpetual preferred stock)
- AZUL -2.8% (reports March 2023 traffic)
- TSLA -2% (lowered prices, also plans to expand use of iron-based batteries in Semi electric trucks and an affordable EV, according to Reuter)
Analyst comments:
- IBN -1.5% (downgraded to Buy from Conviction Buy at Goldman)
- CWK -1.2% (downgraded to Neutral from Buy at Goldman)