Gapping down
In reaction to earnings/guidance:
- EAF -7.1% (guides FY20 EPS and revs above consensus; also announces that Brookfield intends to offer 20 mln shares), WFC -2.7%, PRGS -2.6%, FLNT -2.6%, LOOP -1.8%, PNC -1.5%
Other news:
- DM -4.4% (announced the signing of a definitive agreement to acquire EnvisionTEC for $500 mln)
- LCI -3.1% (to discontinue 23 lower gross margin product lines, expects impairment charge)
- SPCE -2.8% (Aabar (Mubadala Investment Company) discloses lower active stake following recent sale of ~3.05 mln shares of common stock (transaction dates 12/16-1/12)
- NKLA -1.7% (WOR sells remaining position in NKLA)
- NXTC -1.6% (names new CMO)
- VLDR -1.5% (commends US govt plan to update its NCAP to add four ADAS capabilities)
- SLNO -1.4% (stock offering)
- CVI -0.9% (CVI says has no interest in acquiring DK)
Analyst comments:
- DDD -8.2% (downgraded to Underweight from Neutral at JP Morgan)
- SSYS -6.6% (downgraded to Underweight from Neutral at JP Morgan)
- SPOT -3.9% (downgraded to Sell from Neutral at Citigroup)
- ABB -2.8% (downgraded to Equal Weight from Overweight at Barclays)
- VVNT -2.7% (downgraded to Hold from Buy at Deutsche Bank)
- ICPT -2.5% (downgraded to Underperform from Neutral at BofA Securities)
- CME -1.9% (downgraded to Perform from Outperform at Oppenheimer)
- VSH -1.7% (downgraded to Underperform from Neutral at BofA Securities)
- AN -1.3% (downgraded to Neutral from Overweight at JP Morgan)
- AXTA -1.1% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- TVTY -1.1% (downgraded to Underperform from Neutral at Credit Suisse)