Gapping down
In reaction to earnings/guidance:
- PRPL -35%, POSH -29.2%, UPST -23.8%, ASLE -20.6%, DMTK -17.9%, DOCS -12.4%, AMPL -12.4% (also announces new product integration and partnership with SNOW), SHLS -11.8%, LPRO -11.4%, PRGO -11.4%, TMDX -9.7%, COIN -9.2%, FUBO -9.1% (also to acquire Molotov SAS for $190 mln in cash and equity), SKIN -8.9% (also CEO to step down), HYLN -8.5%, U -7.6% (also to acquire Weta Digital's tools, pipeline, technology, and engineering talent), NUVA -7.5% (also increases share repurchase program), GLBE -7%, TOST -6.6%, PLUG -5.4% (also to acquire Frames Group), PYCR -4.5%, EVGO -4.5%, EYE -4%, WES -3.9%, SHC -3.8%, MNDY -3.8%, STKL -3.7%, ABCL -3.6%, KRNT -3.1%, AXU -3%, ACB -2.9%, EPAY -2.8%, TWNK -2.7%, ALC -2.6%, ASH -2.4%, DV -2.2% (also to acquire OpenSlate), TSM -1.9% (Oct revs), HCAT -1.5%, RPRX -1.5%, WWW -1.3%, OLPX -1.3%, AGTI -1.2%, NIO -1%, SGMS -1%
Other news:
- ATXI -15.2% (prices offering of 1946787 shares at $1.34 per share)
- VIEW -12.7% (provides update following Audit Committee investigation; guides FY21 revs below consensus)
- FTCI -8.5% (awarded a 504 megawatts DC project in Arizona)
- DAKT -8.1% (to be removed from S&P SmallCap 600)
- KRP -6.1% (stock offering; also to acquire mineral and royal interests from undisclosed seller for $57 mln)
- SITM -5.8% (prices offering of 2.0 mln shares of common stock at $225.00 per share)
- GRUB -5.4% (Cat Rock Capital Releases Presentation on Grubhub and Just Eat Takeaway.com)
- HOOK -4.8% (announces it is advancing HB-201 to Phase 2)
- NE -3.7% (Noble Corporation and Maersk Drilling to combine)
- FOLD -3.1% (stock offering)
- MRTX -2.3% (announces $500 mln stock offering)
- FHN -2% (names new CFO)
- UGRO -1.9% (selected by Urban Health Farms as partner to construct indoor vertical farms throughout Europe)
- BCOV -1.4% (replies to Edenbrook shareholder; Board is working expeditiously to retain a new CEO)
- ZNGA -0.9% (stock offering)
- NKE -0.9% (likely in sympathy with Adidas earnings down post earnings)
Analyst comments:
- PLTR -2.9% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- ABSI -2.5% (downgraded to Underperform from Neutral at BofA Securities)
- MWA -2.1% (downgraded to Perform from Outperform at Oppenheimer)