Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- DD -11%, KMB -4.1%, T -3.9%, TRMK -3.4%, TXN -3.1%, EWBC -2.9%, VBTX -2.2%, ABT -2%, STLD -1%,
Other news:
- BB -10.3% ($160 mln convertible notes offering)
- SGMT -3.2% (prices offering of 9 mln shares of its Series A common stock)
- MCHP -2% (in sympathy with TXN earnings)
- ADI -1.2% (in sympathy with TXN earnings)
- BA -0.8% (FAA discloses incident with BA 737: "Aircraft during line up and wait nose wheel came off and rolled down the hill"; no injuries reported)
Analyst comments:
- PLUG -3.5% (downgraded to Underperform from Market Perform at BMO Capital Markets)
- BRLT -3.2% (downgraded to Market Perform from Outperform at TD Cowen)
- DXC -3% (downgraded to Underweight from Neutral at JP Morgan)
- BIIB -1.7% (downgraded to Neutral from Buy at UBS)
- EPAM -1.4% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- CYTK -1.1% (downgraded to Neutral from Buy at UBS)
- UBER -0.9% (downgraded to Hold from Buy at Gordon Haskett)
- DHR -0.8% (downgraded to Equal Weight from Overweight at Barclays)