Gapping down
In reaction to earnings/guidance:
- SLQT -51.9% (faced a series of unexpected challenges in its core Senior segment), KFRC -7.5%, CVE -6.5%, FISV -6.5%, EPC -4.3%, PFE -4.3%, IT -3.4%, SPG -3.1%, POLY -2.9%, INCY -2.4%, TTWO -2.3%, TDG -2.1%, WTW -1.8%, PTON -1.8%, ARMK -1.6%, AOSL -1.4%, ASTE -1.1%, SPGI -1%, SSL -0.8%, AMGN -0.7%
Other news:
- EDIT -14.6% (terminates CMO)
- EHTH -6.7% (in sympathy with SLQT earnings miss)
- SNAP -4.6% (intends to offer subject to market conditions and other factors $1.25 bln aggregate principal amount of convertible senior notes due 2028 in a private placement)
- GRUB -2.3% (Just Eat Takeaway.com N.V. has formally notified The Nasdaq of its intent to voluntarily delist its American Depositary Receipts from the Nasdaq Global Select Market)
- NVDA -1.7% (NVIDIA and SoftBank Group (SFTBY) terminate NVIDIA's acquisition of Arm Limited)
- RTX -1% (three senior execs in missiles division have departed according to Bloomberg)
- ERIC -0.7% (provides Comment regarding recent media inquiries)
Analyst comments
- GM -4.1% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- ZBH -2.3% (downgraded to Hold from Buy at Canaccord Genuity)
- FB -2.2% (downgraded to Neutral from Outperform at KGI Securities; additionally Peter Thiel to step down from board at next shareholder meeting)