Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- NYCB -17.1%, EXTR -16.5%, ROK -7.9%, RHI -7.3%, MOD -7.2%, TER -6.3%, GPI -5.9%, FCF -5.6%, GOOG -5.5%, GIB -5%, AMD -4.7%, MDLZ -4.6%, NVS -4.6%, LC -3.9%, ROP -3.7%, LFUS -3.6%, HA -2.2%, EA -2%, TMO -2%, TEVA -2%, CP -1.8%, HES -1.8%, EAT -1.2%, FBIN -1% (also increases share buyback auth by $650 mln), RKLB -1% (guidance), FTV -0.9%, AX -0.8%, MSFT -0.8% (also Robot startup Figure AI in funding talks to raise as much as $500 mln, led by MSFT and OpenAI, according to Bloomberg)
Other news:
- AMSC -13.2% (stock offering; also files $250 mln mixed shelf securities offering)
- ATKR -4.3% (initiates dividend)
- VOD -3.8% (fails to accept iliad Group's revised proposal to merge Italian businesses)
- TEVA -3% (announces its intention to divest its active-pharmaceutical ingredient business or "TAPI")
- TSLA -2.6% (Delaware judge agreed to void CEO Elon Musk's $56 bln compensation package according to CNBC)
- SLDB -2.2% (stock offering by selling shareholders)
- BNTX -1.2% (BioNTech and Duality Biologics announces that the U.S. FDA granted Fast Track designation for BNT325/DB-1305)
- DELL -1.1% (DELL terminates Commercial Framework Agreement with AVGO)
- ICFI -1% (awarded a $33 mln digital modernization contract by Dept of HHS)
- AVGO -0.9% (DELL terminates Commercial Framework Agreement with AVGO)
- IMCR -0.8% (prices upsized offering of $350.0 mln of 2.50% convertible senior notes due 2030)
Analyst comments:
- ERIC -3% (downgraded to Sell from Neutral at UBS)
- SOFI -2.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- TSVT -1% (downgraded to Market Perform from Outperform at TD Cowen)
- FBIN -1% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- VZ -0.8% (downgraded to Equal Weight from Overweight at Barclays)