>>> US Gapping down

Gapping down
In reaction to earnings/guidance
:
  • LOGI -7%, MMM -6.5%, IBTX -5.7%, DHI -4.9%, GE -3.3%, IVZ -3.1%, AGNC -1.6%
Other news:
  • RILY -3.4% (down on Franchise Group's CEO departure according to Bloomberg)
  • DOOO -3.2% (files subordinate voting shares offering)
  • IREN -2.6% (provides 10 EH/s expansion update)
  • HCI -2% (files multiple stock offerings; announces strategic steps)
  • LEGN -1.2% (announced that CARVYKTI generated approximately $159 million in net trade sales during the quarter ended December 31 2023)
  • VTNR -1.1% (provides operational outlook for the fourth quarter of 2023)
  • FUN -0.9% (Cedar Fair and Six Flags (SIX) received second request for additional information and documentary materials in connection with the DOJ's review of the Merger)
Analyst comments:
  • COIN -4.3% (downgraded to Underweight from Neutral at JP Morgan)
  • ALKT -3% (downgraded to Neutral from Buy at Goldman)
  • BE -3% (downgraded to Sell from Hold at Truist)
  • CAKE -1.9% (downgraded to Underweight from Neutral at JP Morgan)
  • BILL -1.8% (downgraded to Equal Weight from Overweight at Wells Fargo)
  • BLMN -1.6% (downgraded to Neutral from Overweight at JP Morgan)
  • JHX -1.3% (downgraded to Underperform from Neutral at BofA Securities)