Gapping down
News:
- ALK -12.6% (Hawaiian Holdings to be acquired by Alaska Air (ALK) for $18.00 per share)
- SPCE -11.1% (Richard Branson has ruled out further investment in SPCE, according to FT)
- TRUP -7.7% (files for 3,636,364 share common stock offering by selling shareholder Aflac; flac and Trupanion (TRUP) comment on Renewed S-3 registration statement filed in accordance with 2020 Shareholder Agreement)
- NOK -5.7% (speculation from industry analyst that AT&T (T) might remove Nokia from its list of 5G equipment suppliers)
- EOSE -4.3% (files for $300 mln mixed securities shelf offering)
- CLCO -3.3% (Granting Of Share Options And Restricted Stock Units To Primary Insiders and Mandatory Notification of Trades)
- AIRE -2.9% (to acquire Naamche to develop next-generation AI solutions in real estate and diverse digital platforms)
- SN -2.2% (announces launch of secondary offering of ordinary shares)
- EVRG -1.7% (announces proposed offering of convertible notes due 2027)
- VALE -1.2% (concludes sale of its 40% stake in Mineraçao Rio do Norte, marking the completion of Vale's major divestment program)
- CRNT -1.1% (announces that a request for arbitration against the Company and its subsidiary was submitted by a South American customer)
Analyst comments:
- BILI -1.5% (downgraded to Neutral from Buy at UBS)
- AR -1.2% (downgraded to Hold from Buy at Truist)
- ETRN -1.2% (downgraded to Peer Perform from Outperform at Wolfe Research)
- ALLE -0.7% (downgraded to Equal Weight from Overweight at Barclays)