Gapping down
In reaction to disappointing earnings/guidance:
- N/A.
Select Marijuana related stocks are pulling back on potential border restrictions for investors/workers in the industry:
- TLRY -17.7%, CRON -9.9%, CGC -6.7%, MJ -5.7%
Other news:
- PDD -2.4% (after closing up nearly 7 pts)
- RCII -1.9% (lower on light volume after the company and Vintage Capital receive second request from FTC Under HSR Act; RCII special meeting to approve the Merger remains scheduled for September 18)
- PGTI -1.5% (prices offering of 7 mln shares of its common stock at a price to the public of $23.00 per share)
- NNBR -0.9% (prices offering of 12.5 mln shares of common stock at $16.00 per share)
Analyst comments:
- TNDM -5% (downgraded to Neutral from Outperform at Robert Baird)
- COST -1.6% (downgraded to Market Perform from Outperform at Wells Fargo)
- STZ -1.3% (initiated with Sell at Guggenheim)
- WMT -0.5% (resumed with a Neutral at Goldman)
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