Gapping down
In reaction to disappointing earnings/guidance:
- FN -9.8%, FIVN -9.3%, UNM -8.8%, KPTI -8.1%, IAG -7.9%, MNK -7.9%, WRK -5.8%, AMCX -3.8%, PLOW -3.3%, LANC -2.9%, TXRH -2.8%, TREE -2.8%, W -2.3%, KN -2.1%, LITE -2%, LDOS -1.9%, INCY -1.4%, AXS -1.1%, CRI -0.8%, AWR -0.7%, LPX -0.6%, TRI -0.6%
Other news:
- HTZ -32.4% (reportedly taps Moelis (MC) and FTI Consulting (FCN) for bankruptcy restructuring, according to WSJ)
- CODI -10.9% (prices 5 mln common shares of the Trust at $17.60 per share)
- LB -8.3% (previously announced transaction with Sycamore Partners is terminated)
- INSM -0.8% (stock offering)
- COR -0.5% (prices 5 mln common shares of the Trust at $17.60 per share)
Analyst comments:
- ATUS -1.5% (downgraded to Mkt Perform from Outperform at Bernstein)