Gapping down
In reaction to disappointing earnings/guidance:
- SNAP -7.1% (disappointing DAUs and no Q3 guidance weigh on stock), IBKR -4.4%, USNA -3.7%, COF -3.4%, HWC -2.8%, IRBT -2.6%, CNI -2.1%, WTFC -1.6%, AMTD -1.2%, NTRS -0.8%, UAL -0.5%, DOV -0.5%
Other news:
- CASI -10.3% (stock offering)
- FE -6% (discloses receipt of subpoenas)
- OPCH -5.3% (prices offering of 18 mln shares of common stock by co and selling shareholders at $12.50 per share)
- HTLD -3.1% (prices secondary offering 3,260,870 shares of common stock from a selling stockholder at $20.50)
- ICLK -2.3% (files for offering by selling shareholders)
- PINS -1.6% (in sympathy with SNAP earnings)
- NKLA -0.8% (will redeem all of its outstanding warrants to purchase shares of the Company's common stock, $0.0001 par value per share)
Analyst comments:
- SNAP -6.9% (downgraded to Neutral from Buy at Guggenheim)
- IBKR -4.4% (downgraded to Neutral from Buy at Compass Point)
- KSS -3.4% (downgraded to Sell from Neutral at UBS)
- M -2.9% (downgraded to Sell from Neutral at UBS)
- AMRC -2.7% (downgraded to Mkt Perform from Strong Buy at Raymond James)
- CEQP -2.7% (downgraded to Underweight from Equal Weight at Wells Fargo)
- OKE -2.3% (downgraded to Equal Weight from Overweight at Wells Fargo)
- ET -1% (downgraded to Equal Weight from Overweight at Wells Fargo)
- CL -0.8% (downgraded to Equal-Weight from Overweight at Morgan Stanley)