Gapping down
In reaction to earnings/guidance:
- DOCU -7.2% (also names new CFO), AOUT -1.5%, OXM -1.1%, AVGO -0.9%
Other news:
- RICK -6.5% (negative catalyst unclear, but co increased dividend)
- TSLA -5.6% (follows 9% drop on Thurs)
- RLAY -3.9% (doses first patient in clinical trial of RLY-4008)
- YUMC -3.1% (prices 41,910,700 common shares at ~$53.16/share)
- LGIH -2.2% (reports August closings declined 1% to 669 closings)
- SMH -2% (chip stocks weak on Bloomberg report that China is planning to develop its domestic chip industry to counter US restrictions)
- JWN -1.5% (S&P downgrades To 'BB+' From 'BBB-')
- TEF -1.5% (AMX and TEF terminate deal to purchase Telefonica Moviles El Salvador)
- MTCH -1.4% (DOJ closes investigation)
- QDEL -1.2% (Pac-12 Conference announces deal with QDEL for daily COVID testing, according to website)
- AMX -0.9% (AMX and TEF terminate deal to purchase Telefonica Moviles El Salvador)
Analyst comments:
- W -5.4% (downgraded to Neutral from Buy at BofA Securities)
- MOMO -2.2% (downgraded to Neutral from Buy at Citigroup; downgraded to Equal-Weight from Overweight at Morgan Stanley)
- LULU -2.1% (downgraded to Neutral from Buy at Citigroup)