Gapping down
In reaction to earnings/guidance:
- DAL -4.5%, WFC -3.7%, JPM -2.9%, WEN -2.4% (sees Q4 revs above consensus; approves $500 mln buyback; raises dividend), UNH -2.2%, BAC -2.1%, BLK -0.5%
Other news:
- SCLX -11.7% (stock offering by selling shareholder)
- BBBY -7.4% (talking with potential lenders that would finance co during bankruptcy according to Bloomberg)
- ARCC -3.7% (prices offering of 10.5 mln shares of common stock)
- PRPL -3.2% (rejects unsolicited acquisition proposal from Coliseum Capital)
- COIN -2.8% (aware of login issues; has identified the root cause and is working on a fix)
- VICI -2.7% (prices offering of 26.35 mln shares of common stock at $33.00 per share)
- TA -2% (signs 30 new franchise agreements in 2022)
- XPRO -1.6% (prices offering of 8 mln shares of common stock at $16.50 per share) .
Analyst comments:
- FTNT -3.5% (downgraded to Neutral from Buy at BTIG Research)
- DFH -3.4% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- GOOD -2% (downgraded to Neutral from Buy at Janney)
- LEN -1.9% (downgraded to Underperform from Sector Perform at RBC Capital Mkts)
- CMRE -1.8% (downgraded to Hold from Buy at Stifel)
- AN -1.7% (downgraded to Equal Weight from Overweight at Wells Fargo)
- CWST -1.7% (downgraded to Underperform from Neutral at BofA Securities)
- CRBG -1.1% (downgraded to Neutral from Outperform at Credit Suisse)
- FBIN -1.1% (downgraded to Sector Perform from Outperform at RBC Capital)
- KBH -1% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- LAD -1% (downgraded to Equal Weight from Overweight at Wells Fargo)
- J -0.9% (downgraded to Neutral from Buy at BofA Securities)