Gapping down
In reaction to disappointing earnings/guidance:
- GLUU -27.3%, NTAP -17.8%, TUSK -15.9%, FLR -14.3%, FLDM -11%, SGMS -11%, IOVA -9.9%, CC -8.6%, CBLK -8.2%, OTEX -8%, SQ -7.7% (also Square sells Caviar to DoorDash for $410 million in cash), MGI -7.7%, HLF -6.6%, ETSY -5.3%, RBS -5.1%, CRC -4.7%, OEC -4.7%, ANET -3.4%, XENT -3.2%, BT -3%, MTD -2.7%, GFI -2.4%, RACE -2.3%, BMRN -2%, SRE -2%, FBHS -1.8%, WU -1.8% (also announced new Global Strategy implementation - planned changes include an expected net headcount reduction of ~10%), LYB -1.8%, WIFI -1.5%, MERC -1.3%, GPOR -1.1%, SEE -1%, FSLR -0.7%, XRAY -0.7%
Other news:
- PSTG -9.7% (following NTAP results)
- VAPO -4.3% (prices offering of 3.1 mln shares of common stock at $14.50 per share)
- CTST -3.7% (anticipates late filing of financial statements and proposed management cease trade order)
- DELL -3.4% (following NTAP results)
- HPE -2.8% (following NTAP results)
Analyst comments:
- CODI -0.9% (downgraded to Mkt Perform from Outperform at Raymond James)
- HGV -0.5% (downgraded to Underweight from Neutral at JP Morgan)