Gapping down
In reaction to earnings/guidance:
- DOCS -26.5% (also announces 10% workforce reduction), PUBM -19.2%, TWOU -17.3%, ASLE -16.4%, UPST -15.5%, ANGI -14.7%, SMCI -14.6%, ZIP -14.5%, EXFY -13.9%, NVEI -13.2%, BLFS -13.1%, KRNT -10.7%, HBM -9.1%, LL -9.1%, EGHT -8.6%, CUTR -8%, OLK -7.7%, IAC -7.6%, CEVA -7.6%, AVNS -7.4%, MODG -7.1%, LYFT -6.7%, LZ -5.9%, JAMF -5.3%, SUPN -5%, SLVM -4.9%, PDFS -4.8%, CLDX -4.4%, VTEX -3.8%, BARK -3.5%, EBS -3.5%, LPRO -3.4%, MASI -3.3%, LNW -3.3%, DDD -3.1%, BMBL -2.8%, VST -2.8%, APPS -2.6%, STR -2.6%, EDR -2.5%, AGTI -2.3%, DAR -2.2%, HHC -2.1%, GNW -2.1% (also expands share buyback auth by $350 mln), DIOD -2%, CRCT -2%, DXPE -2%, USPH -2%, VRDN -2%, EC -2%, ZNTL -2%, TALO -1.8%, VZIO -1.8%, SRAD -1.8%, ME -1.7% (also announces 11% workforce reduction), GDRX -1.7%, DIBS -1.6%, WES -1.4%, GEO -1.4%, JXN -1.3%, QDEL -1.2%, WEN -1.1%, FLT -1%
Other news:
- GRND -12.7% (reschedules earnings release date)
- GTES -9.2% (prices secondary offering of 15 mln shares of ordinary shares at $11.75 per share)
- NS -7.3% (prices offering of 13000000 common units for gross proceeds of ~$199.6 mln)
- RMBL -7.3% (plans to make a $100 mln rights offering to holders of the company's Class A common stock and Class B common stock)
- TERN -2.3% (provides update on Phase 2a trial of TERN-501)
- ATRO -2% (initiates $30 mln ATM equity offering program)
- KKR -1.6% (KKR acquires $373 mln of prime auto loans from SNV)
- GBCI -1.3% (announced a deal to acquire Washington-based regional bank Community Financial Group)
Analyst comments:
- MORF -2% (downgraded to Hold from Buy at Stifel)
- TWKS -1.7% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
