Gapping down
In reaction to earnings/guidance:
- BBAI -18.6%, JOAN -7.7%, GME -7.2%, FDX -3.5%, X -3.3% (guides Q1 EPS below consensus), AVPT -3% (also announces $150 mln share repurchase program), EMBK -1.5%
Other news:
- OR -4.8% (announces $250 mln bought deal financing agreement)
- MSGE -4.8% (Andrew Lustgarten is stepping down from his position as President of Madison Square Garden Entertainment Corp., effective April 1, 2022)
- ABR -4.1% (prices offering of 6.5 mln shares of common stock for gross proceeds of $108.9 mln)
- DS -3.5% (updates Fourth Quarter and Full Year 2021 Financial Results)
- SEDG -3.1% (prices offering 2.0 mln shares of common stock at $295.00 per share)
- CLF -1.3% (in sympathy with weak X guidance)
- VRSK -1.1% (issues statement in response to D.E. Shaw letter)
Analyst comments:
- WING -4.9% (downgraded to Underweight from Overweight at Piper Sandler)
- NDLS -2.9% (downgraded to Neutral from Overweight at Piper Sandler)
- HONE -1.6% (downgraded to Underweight from Neutral at Piper Sandler)