Gapping down
In reaction to earnings/guidance:
- AYX -26.6%, DDOG -22.9%, IFF -21.8%, OLPX -17.9%, BYND -14.2%, RNG -13.9% (appointed new CEO), MRVI -13.8%, INGN -12.7%, MRC -12.6%, TWKS -9.3%, TDW -6.9%, ENR -6.9%, ICUI -5.9%, FIVN -5.7% (to acquire Aceyus), DCGO -4.9%, UPS -4.9%, KNTK -4.7%, LI -4.5%, SEE -4.4%, SWAV -4.2%, ENTA -3.7%, SEAS -3.5%, CTRA -3.2%, DAWN -3.1%, GLBE -3.1%, CXW -3%, GFS -3%, PLTK -2.9%, NSA -2.7%, CRON -2.7%, PLTR -2.4%, AEL -2.3%, MAC -2.3%, CE -2.2%, TDC -2.1%, ARWR -2.1%, HLIO -2%, NOVT -2%, CBT -1.8%, ACM -1.6%, SWKS -1.4%, BLUE -1.4%, KMPR -1.3%, FGEN -1.1%, ZLAB -1%, HPK -1%, VECO -1%, SWIM -1%, UAA -0.9%
Other news:
- PTRA -64.9% (files for voluntary Chapter 11 Reorganization to maximize value of the business & product line potential)
- HTGC -6.5% (prices offering of 6.5 mln shares of common stock)
- SAFE -6% (priced an underwritten public offering of 6500000 shares of its common stock at a public offering price of $21.40/share)
- DV -3.8% (prices offering of 12.5 mln shares of common stock at $32.65 per share)
- BTDR -3.6% (July operations updates)
- USB -3.4% (Moody's reviews U.S. Bancorp for downgrade (senior unsecured at A3))
- BK -3.4% (Moody's places Bank of New York Mellon Corporation's ratings on review for downgrade (A1 senior unsecured))
- WBS -3.2% (Moody's downgrades Webster (long-term issuer rating to Baa2 from Baa1); outlook stable)
- BECN -2.6% (pricing of secondary offering of $83.65/share for its 5 million common stocks)
- MTB -2.5% (Moody's downgrades M&T's ratings senior unsecured Baa1; outlook stable)
- STT -2% (Moody's places State Street on review for downgrade (holdco senior unsecured A1))
- MXL -1.6% (comments on SIMO letter)
- LOCO -1.6% (entered into a Stock Repurchase Agreement with FS Affiliates; co agreed to purchase an aggregate of 2500000 shares of common stock from the Sellers at a price of $10.63 per share)
- DISH -1.6% (DISH Network (DISH) and SATS confirm combination agreement via all-stock merger)
- KMPR -1.3% (exiting preferred home and auto business)
- SATS -1.2% (DISH Network (DISH) and SATS confirm combination agreement via all-stock merger)
- VRT -1% (stock offering)
Analyst comments:
- ENTA -3.7% (downgraded to Hold from Buy at Jefferies)
- UWMC -2.8% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
- DEI -2.6% (downgraded to Underperform from Neutral at BofA Securities)
- FRPT -2.4% (downgraded to Neutral from Overweight at JP Morgan)
- SAGE -1.6% (downgraded to Hold from Buy at Canaccord Genuity)
- WTW -1.2% (downgraded to Underperform from Market Perform at BMO Capital Markets)
- FGEN -1.1% (downgraded to Underperform from Neutral at BofA Securities)