Gapping down
In reaction to disappointing earnings/guidance:
- HEXO -18.5%, PHG -9.3% (guidance update), ADTN -3.8% (guidance update), DAL -3.4%
Other news:
- PCG -31.3% (lower on reports that Judge will allow for consideration of alternative restructuring plans)
- VFF -10.5% (announces CAD$25 mln bought deal public offering of common shares at CAD$9.40/share)
- SPLK -1.3% (files for 2,648,372 share common stock shelf offering by holders and separately files for ~177K share common stock offering by selling stockholders pursuant to Cloud Native Labs agreement)
- VKTX -1.2% (continued weakness)
- TGT -0.8% (appoints Michael Fiddelke as CFO, effective November 1)
Analyst comments:
- NTAP -4.1% (downgraded to Sell from Buy at Goldman)
- HPQ -2.7% (downgraded to Sell from Neutral at Goldman)
- CSCO -1.7% (downgraded to Neutral from Buy at Goldman)
- UNH -1.4% (downgraded to Hold from Buy at Jefferies)
- KR -1.3% (downgraded to Hold from Buy at Jefferies)