Gapping down
In reaction to disappointing earnings/guidance:
- INSY -44.2% (also issues cautionary statement about ability to continue as a going concern), JMIA -6%
Select generic drug stocks showing weakness:
- TEVA -8.8% (40 states have filed lawsuits against generic drug companies over alleged price fixing) ENDP -5.7%, MYL -3.2%, PRGO -1.5%, MNK -1.2%
Select financial related names showing weakness:
- RBS -2.6%, CS -2.1%, ING -1.9%, DB -1.7%, SAN -1.5%, GS -1.4%
Select semiconductor stocks trading lower:
- STM -2.8%, MU -2.7%, AMD -2.3%, NVDA -2.1%, AMAT -2.1%, QCOM -1.6%, INTC -1.6%
Select China related names showing early weakness:
- MT -4.2%, BZUN -3.8%, YY -3.7%, WB -3.6%, MOMO -3.3%, HTHT -3.1%, BABA -2.4%, JD -1.7%, BA -1.4%
Other news:
- VOD -5.9% (aims to cut dividend to pay for 5G investments)
- UBER -4.1% (Cautious view at Barrons)
Analyst comments:
- SHOP -3.4% (downgraded to Neutral from Buy at Guggenheim)
- CHD -1.1% (downgraded to Neutral from Overweight at Atlantic Equities)