Gapping down
In reaction to earnings/guidance:
- SNBR -28.6%, WOLF -25.1%, META -22.2%, ALGN -19%, FORM -17.1%, AMED -14.6%, WST -10.7%, CS -10.6%, SLP -10.4%, LC -9.4%, TROX -8.6%, TIGO -7.1%, DTE -7%, ACGL -6.2%, STM -6.2%, BW -6.1%, BC -5.6%, SWK -5.2%, UPWK -4.9%, LH -4.4%, NOC -4.3%, AN -4.3%, FISV -4.2%, CNMD -4.1%, TECK -4.1%, CCS -3.6%, DLR -3%, INVH -3%, AMBP -3%, GL -2.9% (also co-CEOs both stepping down; names 2 new co-CEOs), VFC -2.9%, BMRN -2.9%, JBT -2.4%, CYH -2.2%, CHDN -2.2%, IP -2.2%, CLB -2.1%, FTI -2%, BOOT -1.8%, LIN -1.8%, NTGR -1.7%, F -1.7% (also resumes modest share repurchase program; to wind down Argo AI investment), LAZ -1.6%, ASX -1.5%, EQT -1.3%, OSTK -1.3%, INFA -1.2%, MO -1.1%, SAVE -1%, QS -1%, BAX -1%
Other news:
- TSHA -6.9% (prices offering of 14.0 mln shares of common stock at $2.00 per share)
- APO -1.0% (CS nearing sale of its securitized-products group to APO and PIMCO, according to WSJ)
Analyst comments:
- ARCE -2.7% (downgraded to Neutral from Buy at Goldman)
- JBT -2.4% (downgraded to Mkt Perform from Outperform at William Blair)
- PDD -3.1% (upgraded to Overweight from Equal Weight at Barclays)