Gapping down
In reaction to earnings/guidance:
- DVA -16.3%, PTCT -13.8% (also enters into strategic financing collaboration with BX; co to receive $350 mln in cash), AMZN -12.2%, EW -12.1%, MPWR -8.3%, CRI -7.6%, LYB -7.6%, NWG -7.3%, RMD -6.2%, DECK -5.8%, LMAT -5.7%, NATI -4%, ALRM -3.7% (announces upside Q3 revs; says VVNT has notified co it will stop paying license fees to Alarm.com), COF -3.6%, BIO -3.3%, ONTO -2.9%, LPLA -2.9%, VALE -2.8%, AON -2.8%, MHK -2.6%, GTLS -2.5%, FSLR -2.4% (also to invest $270 mln in R&D innovation center in Ohio), NOV -2.3%, AX -1.8%, GLPI -1.8%, WY -1.3%, X -1.1%, CL -1%
Other news:
- BWMX -15.8% (names new CFO)
- UFI -9.9% (to be removed from S&P SmallCap 600)
- INO -4.9% (discontinues internally funded efforts to develop INO-4800 as a COVID-19 heterologous booster vaccine)
- HII -4.4% (awarded $2.41 bln modification to previously awarded contract by the U.S. Navy)
- EWTX -3.1% (initiates LYNX Phase 2 trial)
- MATV -2.3% (COO to resign)
- CMCT -1.5% (files for $1 bln mixed securities shelf offering)
- VVNT -1.1% (will stop paying license fees to Alarm.com)
Analyst comments:
- LHX -5.9% (downgraded to Mkt Perform from Outperform at Raymond James)
- WU -3.2% (downgraded to Sell from Neutral at UBS)
- AXTA -0.9% (downgraded to Neutral from Outperform at Exane BNP Paribas)
- CAT -0.7% (downgraded to Hold from Buy at Deutsche Bank)