Gapping down
In reaction to disappointing earnings/guidance:
- TSEM -15.8%, XRAY -6%, CBPO -3.6%, IFF -3.6%, TSN -3.5%, LPX -2.9%, CTSH -2%, TLRA -1%, URG -0.7%
Select metals/mining stocks trading lower:
- SBGL -7%, MUX -2.4%, DRD -2%, AU -1.1%
Other news:
- GNRT -5.7% (Gener8 Maritime Audit Committee concluded financial statements for the fiscal 2017 year should be restated and should no longer be relied upon because of certain errors)
- EBIO -1.6% (files for 7,968,128 share common stock offering issuable upon exercise of outstanding warrants by selling stockholders)
- DB -1.1% (continued weakness)
Analyst comments:
- FLIR -1% (downgraded to Hold from Buy at Drexel Hamilton)
- ETN -1.5% (downgraded to Underweight from Equal Weight at Barclays)
- SHAK -2.4% (downgraded to Underweight from Neutral at JP Morgan)
- SMLP -5.5% (downgraded to Market Perform from Outperform at Wells Fargo)
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