Gapping down
In reaction to earnings/guidance:
- CHWY -9.6%, FIVE -8.5%, AI -7.6%, VEEV -7%, DCI -6.3%, RYAN -5.9%, PHR -4.7%, SWBI -4%, SCWX -2.1%, PDCO -1.6%, OKTA -1.5%, HRL -1.5%, GMS -1.2%, SPWH -0.7%
Other news:
- ASMB -22.1% (to discontinue development of ABI-H2158)
- HOFV -9.3% (postpones Highway 77 Music Festival; also files for $50 mln mixed securities shelf offering)
- VIVO -5.1% (expands recall for lead test kits)
- GRIN -3.3% (announces IVS Pinehurst charter extension)
- ASND -1.8% (prices offering of 2.5 mln ADSs at $160.00 per ADS)
- EGLX -1.8% (has acquired GameKnot for $2.75 mln)
- TAK -1% (Phase 3 PANTHER study did not achieve primary endpoint)
- BLFS -0.8% (stock offering)
Analyst comments:
- ALKS -2.9% (downgraded to Underperform from Neutral at BofA Securities)
- UL -2.6% (downgraded to Underweight from Neutral at JP Morgan)
- BUD -2.2% (downgraded to Underweight from Neutral at JP Morgan)