Gapping down
In reaction to earnings/guidance:
- AOUT -9.6%, ERIC -8.5%, ALV -5.5%, MRTN -3%
Other news:
- FGEN -35.8% (reports FDA Advisory Committee recommended not approving Roxadustat)
- TRQ -3.1% (provides Q2 production update for Oyu Tolgoi mine)
- RIO -2% (reports Q2 production results; Pilbara iron ore production down 12% yr/yr)
- LGF.A -1.2% (announces strategic alliance with Spyglass Media, including 20% investment stake)
- ORMP -0.8% (files for $250 mln mixed securities shelf offering)
- BMY -0.8% (reports CheckMate -651 trial did not meet primary endpoint)
Analyst comments:
- DOW -0.9% (downgraded to Underperform from Neutral at BofA Securities)
- LYB -0.8% (downgraded to Neutral from Buy at BofA Securities)
- HOMB -0.7% (downgraded to Mkt Perform from Outperform at Raymond James)