Gapping down
In reaction to earnings/guidance:
- PII -4.1%, CDNS -3.8%, ENTG -3.8%, LLY -3.7%, MASI -3.6%, TNET -3%, MEDP -2.7%, UBS -2.7%, GE -2.3%, TSLA -1.9%, CNC -1.5%, PHM -1.5%, JBT -0.9%, MMM -0.8%, HAS -0.8%
Other news:
- RNWK -16.4% (stock offering)
- HYFM -8.2% (stock offering; also guides Q1 revs and EBITDA above consensus; also to acquire HEAVY 16, a line of premium plant nutrients)
- EFSC -2.3% (EFSC to acquire FCBP in all-stock merger agreement)
- SNAP -1.8% (announces $1 bln convertible note offering)
- CSTL -1.8% (to acquire all of the equity of Myriad myPath (Myriad myPath Laboratory) from Myriad Genetics (MYGN) for $32.5 mln)
- TM -1% (LYFT to sell self-driving car division to Toyota (TM) subsidiary Woven Planet for $550 mln)
Analyst comments:
- SPLK -2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- TXRH -1.6% (downgraded to Neutral from Outperform at Robert W. Baird)
- APAM -1% (downgraded to Neutral from Buy at Citigroup)