Gapping down
In reaction to earnings/guidance:
- LITE -14.2% (guidance; increases repurchase program), RPM -5.4%, BKE -4.8% (March comps), STZ -0.8%, ABBV -0.5% (guidance)
Other news:
- IGT -3.7% (expands to New Mexico)
- AMPL -3.1% (reducing workforce by 13%)
- COST -2.4% (reports March data)
- PBI -1.9% (Board of Directors issues letter to shareholders; Hestia nominee Lance Rosenzweig unqualified as a Director or as CEO)
Analyst comments:
- MELI -1% (downgraded to Neutral from Buy at New Street)
