Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
M&A news:
- HL -6.2% (to acquire three high-grade Nevada gold mines with the acquisition of Klondex Mines)
Select Nasdaq stocks trading lower with Nasdaq Futures down 1.3%:
- TSLA -1.9%, WDC -1.8%, PYPL -1.6%, NVDA -1.5%, NFLX -1.1%, BABA -1.1%, AMD -0.9%, AAPL -0.8%
Other news:
- MFGP -55% (announced Chief Executive Officer Chris Hsu plans to step down; Stephen Murdoch Appointed as New CEO; lowers FY18 revenue guidance)
- OLED -9.3% (Bloomberg details that Apple (AAPL) is developing its own iPhone screen)
- FB -3.4% (NY Times discusses that data firm Cambridge Analytica harvested data from 50 mln Facebook (FB) users without their permission)
- SYNA -2.8% (Bloomberg details that Apple (AAPL) is developing its own iPhone screen)
- TWTR -1.6% (in sympathy with FB), .
Analyst comments:
- ABUS -3.8% (downgraded to Neutral from Outperform at Wedbush)
- AKCA -1.5% (downgraded to Market Perform from Outperform at Wells Fargo)