Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- LB -9.2%, RAD -6.2%, LNDC -5.1%, TSLA -3.4%, (Tesla reports Q4 deliveries of 29,870 vehicles -- 15,200 were Model S, 13,120 were Model X, and 1,550 were Model 3), M -3.3%, JCP -2.7%, WBA -0.7%
Other news:
- OVAS -4.8% (OvaScience reports Initial Safety Data from Phase 1 Study of OvaPrime, is reducing headcount by approximately 50%, and appoints James Lillie, Ph.D., as Chief Scientific Officer)
- ARE -4.2% (prices 6 mln share offering at $123.50)
- INSM -3% (announces additional data from ALIS )
- CCCR -2.8% (receives notice from Sorghum Investment that Share Exchange Agreement is being terminated)
- RENN -2.5% (after jumping 50% higher)
- TMHC -2.3% (commences offering of 11 mln shares of Class A common stock and increases previously announced stock repurchase program )
- INTC -2% (following call to discuss reports of new security research findings)
- WBA -1.2% (following RAD earnings/update)
- ATRA -0.8% (prices 7 mln shares of common stock at $18.25 per share)
Analyst comments:
- ROKU -7.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- SNAP -3.7% (downgraded to Underperform at Cowen)
- RECN 2% (downgraded to Underweight from Neutral at JP Morgan),
- AVP -1.4% (downgraded to Underperform from Neutral at BofA/Merrill)
- WLH -1.4% (downgraded to Neutral from Buy at Citigroup)
- WDC -1.2% (downgraded to Market Perform from Outperform at BMO Capital)
- SNDR -1.2% (downgraded to Neutral from Buy at Citigroup)