Gapping down
In reaction to earnings/guidance:
- HLIT -11.4%, ITGR -6% (Q4 and FY23 guidance; to offer $375 mln principal amount of its convertible senior notes), HTLF -5%, PCH -3.8%, NXPI -3.7%, PNR -3.4%, PBI -3%, PFE -2.8%, CAT -2.6%, MDC -2.1%, MCD -1.9%, AQUA -1.2%, GLW -1.1%, OSK -0.8%, CADE -0.7%
Other news:
- BBAI -15.8% (stock offering by selling shareholders)
- MNOV -2.5% (completes enrollment in the Phase 2b clinical trial of MN 166 (ibudilast) in alcohol use disorder)
- DASH -2.2% (announces future stock sales by co-founders)
- ACM -2% (awarded U.S. Navy contract)
- PARA -1.9% (Showtime to merge with Paramount+ according to The Information)
- ADC -1.8% (replacing STOR in S&P MidCap 400)
- TSLA -1.1% (discloses it received requests from the DOJ for documents related to Tesla's Autopilot and FSD features)
- DG -1% (CFO to retire)
Analyst comments:
- NVTA -6.5% (downgraded to Sell from Neutral at Goldman)
- NUS -2% (downgraded to Hold from Buy at Jefferies)
- STAR -1.7% (downgraded to Mkt Perform from Outperform at Raymond James)
- QTWO -1.5% (downgraded to Neutral from Outperform at Robert Baird)