Gapping down
In reaction to disappointing earnings/guidance:
- GNC -20.6%, ACM -5.3%
M&A news:
- SAP -4.9% (to acquire Qualtrics for $8 bln in cash)
Select EU financial names showing weakness:
- BCS -3.6%, LYG -2.9%, SAN -2%, DB -2%,
Select Tobacco related stocks trading lower after WSJ article details possible FDA ban on menthol cigarettes:
- BTI -7.8%, MO -4.8% PM -1.0%
Other news:
- MHLD -29% (Maiden Holdings and Enstar Group (ESGR) agree to loss portfolio transfer of Maiden Re's AmTrust quota share)
- BZUN -12.5% (following Singles Day)
- AMRN-12.3% (following AHA presentations)
- AAPL -2.2% (after Lumentum (LITE, halted) cuts guidance based on what seems like reduced shipments for its 3D sensing lasers, a key component for Face ID)
- INSG -2% (files for 20,793,700 share common stock offering by holders)
- AMPH -1.3% (files for $250 mln mixed securities shelf offering)
- BABA -1.1% (following Singles Day)
Analyst comments:
- ADMP -9.4% (downgraded to Neutral at B. Riley FBR)
- PLNT -3% (downgraded to Neutral from Outperform at Macquarie)
- SCCO -2.8% (downgraded to Sell from Neutral at Citigroup)
- SWKS -2.8% (downgraded to Neutral from Buy at Citigroup)
- CAKE -2.7% (downgraded to Underweight from Equal Weight at Barclays)
- KERX -2.5% (downgraded to Mkt Perform from Outperform at Raymond James)
- HA -1.9% (initiated with a Sell at Goldman)
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