Gapping down
In reaction to earnings/guidance:
- CS -5%, PETS -4%, RTX -3%, GE -2.7%, XRX -1.9%, JNJ -1.3%, STLD -0.7%
Other news:
- AJRD -17% (provides update on proposed merger transaction with Lockheed Martin)
- LULU -4% (stock offering)
- GMAB -3.1% (reports 2021 total net sales of DARZALEX of $6.023 bln)
- FTI -2.5% (awarded EPCI contract from Petrobras)
- FB -2.4% (provides details on new financial reporting structure)
- CSX -2% (names new CFO)
- JNJ -1.5% (Janssen Pharma announces conclusions comparing TREMFYA to advanced therapies)
- NEWP -1.5% (names new CEO)
- VRSK -1.1% (to sell its 3E business to New Mountain Capital for up to $950 mln)
Analyst comments:
- KR -3.2% (downgraded to Underweight from Equal Weight at Wells Fargo)
- QTWO -3.2% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets )
- MPC -2.3% (downgraded to Neutral from Overweight at Piper Sandler)
- CTXS -2.2% (downgraded to Sell from Neutral at Citigroup)
- PLAN -2.1% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- VMW -2.1% (downgraded to Neutral from Buy at Citigroup)
- NVO -1.1% (downgraded to Sell from Hold at Liberum)