Gapping down
In reaction to earnings/guidance:
- LHX -3.5%, OTIS -2.7%, AKTS -1%
Other news:
- BB -6.2% (to sell legacy patents to Catapult for total consideration of $600 million)
- WOLF -5.4% (to offer $500 million aggregate principal amount of its Convertible Senior Notes due 2028 in a private offering)
- HOOD -4% (continued weakness)
- XERS -3.9% (files for $250 mln mixed securities shelf offering; also files for 15,358,362 share common stock offering by selling shareholder)
Analyst comments:
- GGAL -2% (downgraded to Underweight from Neutral at JP Morgan)
- K -1.6% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- CVX -1% (downgraded to Hold from Buy at Truist)
