Gapping down
In reaction to disappointing earnings/guidance:
- CLR -22.8%, PLAN -21.7%, NTNX -18.8%, TPC -17.4%, PTLA -15.7%, MED -15.1%, WPP -13.4%, CVNA -12.9%, WPX -8.7%, BUD -8.4%, ECOL -8.1%, FRGI -7.7%, SHOO -7%, LHCG -6.9%, INST -6.7%, CCI -6%, NVEE -4.9%, FLIR -4.9%, CRC -4.1%, APA -4%, MAR -3.8%, FRO -3.8%, MSFT -3.7%, CHDN -3.7%, PRGO -3.7%, GBT -3.4%, SRPT -3.2%, BEAT -2.6%, GTX -2.5%, RGNX -2.3%, NTES -2.1%, BKNG -2%, DISCA -1.8%, SAGE -1.5%, ANSS -1.4%, OGE -1.3%, TSG -1.1%
Other news:
- LPI -6.3% (announces 2020 capital budget of $450 mln; updates three-year outlook) O -4.9% (prices offering of 9 mln shares of common stock at $77.40 per share)
- AMRN -3.5% (files mixed securities shelf offering), TAP -3.3% (report of multiple casualties at Molson Coors campus in Milwaukee)
- JPM -2.1% (files $50 bln debt securities shelf offering)
- OGS -1.2% (files mixed securities shelf offering)
Analyst comments:
- SPCE -13.9% (downgraded to Neutral from Outperform at Credit Suisse; also downgraded to Equal-Weight from Overweight at Morgan Stanley)
- RVLV -2.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- ALLK -2.1% (initiated with an Underweight at Barclays)