Gapping down
In reaction to earnings/guidance:
- ATUS -25.7%, LNC -25.5%, TNDM -22.1%, LUMN -20.1% (also enters into exclusive arrangement for the proposed sale of Lumen's EMEA business to Colt for $1.8 bln), ROKU -19.3% (also CFO to step down), RPD -16.4%, PTON -16%, MRVI -14.7%, FTNT -12.7%, CTSH -12% (also authorizes $2 bln increase to its share repurchase program), RELY -11.4%, RSI -10.7%, ZTS -10.7%, MRNA -10.3%, STAA -9.4%, VSTO -8.9%, FSR -8.8%, NTR -8.1%, QCOM -7.9% (also AAPL will keep QCOM chips next year, according to Bloomberg), SBSW -7.7%, WLK -7.4%, MAC -7.2%, CARS -6.8%, QLYS -6.6%, CF -6.5% (also authorizes new $3 bln share repurchase program), SITM -6.2%, YELL -5.4%, QRVO -5.4% (also authorizes new $2 bln share repurchase program), EQX -5.4%, TTMI -5.3%, BHC -5.1%, ASND -5%, NUS -5% (also pursuing a more aggressive approach to previously indicated restructuring plans), CXW -4.9%, BCOV -4.8%, ECPG -4.6%, CMI -4.6%, ALGT -4.5%, VRRM -4.2%, TEVA -4.2%, ALB -4.1%, UDMY -4.1%, NVMI -4.1%, MKSI -3.8%, DCPH -3.8%, GPRE -3.8%, TPX -3.7%, RGNX -3.5%, RGNX -3.5%, ZG -3.4%, EVH -3.3%, STLA -3.1%, MGM -3%, OGE -3%, DEN -3%, WMS -3%, RGR -2.9%, PLMR -2.8%, LNTH -2.8%, POWI -2.7% (also authorizes new $100 mln share repurchase program), WTS -2.5%, PK -2.3%, EVTC -2.2%, FIS -2.2%, WOW -2.2%, RGLD -2.1%, SRPT -2.1%, GFI -2%, WES -1.9%, DNB -1.9%, KYMR -1.8%, ICE -1.8%, KRTX -1.7%, W -1.7%, GOGO -1.7%, CIM -1.7%, HLMN -1.7%, EQH -1.6%, HII -1.5%, MET -1.4%, TNK -1.4%, MAR -1.4%, LANC -1.4%, HBM -1.3%, EVA -1.3%, NVEI -1.3%, LSPD -1.3%, XPRO -1.2%, RVLV -1.1% (also to partner with Griffin Gaming to create fashion-centered Web3 mobile gaming experience), APA -1.1%, BKE -1.1%, BBIO -1.1%, RCII -1%, AFG -1%, DSEY -1%
Other news:
- PBPB -4.3% (extends contract for CEO thru 2025)
- RGNX -3.5% (reports additional "positive" interim data from the ongoing Phase II ALTITUDE trial of RGX-314 for the treatment of diabetic retinopathy)
- WES -1.9% (ENB and PAA purchase WES's 15% interest in Cactus II Pipeline for $265 mln)
- AAPL -1.6% (will keep QCOM chips next year according to Bloomberg)
- HII -1.5% (increases dividend)
- KURA -1.3% (announces a $25 mln equity investment from Bristol Myers Squibb (BMY) and a term loan facility with access to up to $125 mln from Hercules Capital (HTGC))
- MARA -1.2% (publishes Oct 2022 bitcoin production data)
Analyst comments:
- FSR -9.4% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- AVDX -4.7% (downgraded to Underperform from Neutral at BofA Securities)
- SBGI -4% (downgraded to Underweight from Overweight at Wells Fargo)
- PATH -3.3% (downgraded to Perform from Outperform at Oppenheimer)
- BILI -2.8% (downgraded to Neutral from Buy at BofA Securities)
