Gapping down
In reaction to earnings/guidance:
- NOTV -15.6% (also announces stock offering), NFLX -8.4% (also announces $5 bln share buyback authorization), NEE -2.1%, MRO -0.8%
M&A news:
- MIDD -6.5% (Welbilt (WBT) to be acquired by The Middleby Corp (MIDD) in an all-stock transaction)
Other news:
- ROKU -3.4% (in sympathy with NFLX earnings, weak sub adds)
- FUBO -2.9% (in sympathy with NFLX earnings, weak sub adds)
- CPSH -2.5% (files for $75 mln mixed securities shelf offering)
- CMCO -2% (files for $150 mln common stock offering)
- FUTU -1.7% (offering of 9,500,000 American depositary shares, each representing eight Class A ordinary shares of the Company, at a price of $130/ADS)
- WRAP -1.5% (police-related stocks react to Chauvin verdict)
- CNI -0.9% (CP comments on CNI unsolicited offer to acquire KSU)
Analyst comments:
- ZBRA -2.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- AZO -1.6% (downgraded to Underperform from Neutral at BofA Securities)
- JACK -1.5% (downgraded to Hold from Buy at Deutsche Bank)
- COOP -1.5% (downgraded to Equal Weight from Overweight at Barclays)
- SCCO -1.3% (downgraded to Sell from Neutral at UBS)
- JCOM -1.1% (downgraded to Neutral from Overweight at Piper Sandler)