Gapping down
In reaction to disappointing earnings/guidance:
- WDFC -4.2%, FC -1.5%, TSM -0.9%
Other news:
- CNTG -9.2% (prices primary and secondary offerings of 3.5 mln shares of common stock at $14.00 per share)
- UAL -4.3% (S&P downgrades to 'B+' on steep demand decline due to COVID-19)
- KBH -0.8% (files for mixed securities shelf offering)
- XLE -0.8% (trading lower with crude oil down 1%)
Analyst comments:
- NBR -3.7% (downgraded to Underperform from Sector Perform at Altacorp)
- BYND -2.6% (initiated with a Sell at Citigroup)
- FSLY -2.4% (downgraded to Underperform from Buy at BofA Securities)
- KEY -1.7% (downgraded to Underperform from Neutral at BofA Securities)
- RDFN -1.2% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- MC -0.6% (downgraded to Neutral from Overweight at Piper Sandler)