Gapping down
In reaction to earnings/guidance:
- MU -4.5%
Other news:
- KSS -16.4% (Franchise Group negotiations to acquire Kohl's Corporation have terminated; lowers Q2 sales outlook)
- CLDX -5.4% (presents interim data from Barzolvolimab Phase 1b Study)
- WDC -3.6% (in sympathy with MU earnings)
- ERJ -3.2% (signs agreement with Toyota do Brasil in order to run operations more efficiently)
- ATEX -2% (stock offering)
- ACRE -1.9% (files for $1.25 bln mixed securities shelf offering)
- PCT -1.5% (CEO to resign; current COO promoted to CEO)
- SAVE -1.2% (JBLU extends tender offer to SAVE to July 29)
- LULU -1% (files mixed securities shelf offering)
Analyst comments:
- DCT -3.5% (downgraded to Neutral from Buy at BofA Securities; downgraded to Mkt Perform from Mkt Outperform at JMP Securities)