Gapping down
In reaction to earnings/guidance:
- WORK -16.5%, CASY -5.2%, LULU -5%, COUP -4.6%, NAV -4.6%, SCWX -3.9%, ABM -2.3%, LOVE -1.6%
Other news:
- ATNX -9.4% (announced a public offering of 10.0 mln common shares)
- TIF -9.2% (files lawsuit against LVMH (LVMUY) to enforce merger agreement)
- AZEK -7.7% (launched secondary public offering of 25.0 mln shares of Class A common stock),
- ARCE -5.6% (priced an underwritten public offering of 2,500,000 Class A common shares to be issued by Arco at a public offering price of $44.80/share)
- VRM -4% (commenced public offering of 9.0 mln common shares)
- SCWX -3.9% (to acquire Delve Laboratories)
- AZN -2.7% (COVID-19 vaccine trial on hold following suspected serious adverse event, per Stat)
- ALK -2% (provides investor updates; Q3 planning assumptions include capacity to be down ~55%)
- UAL -1.2% (continues to see a significant impact in demand for air travel)
- UAA -1.2% (announced $75 mln increase to 2020 restructuring plan)
Analyst comments:
- ESS -0.5% (downgraded to Sell from Neutral at Goldman)
- GOGO -0.5% (downgraded to Market Perform from Outperform at Cowen)