Gapping down
In reaction to earnings/guidance:
- GIII -28.4% (also extends license agreements with PVH), ESTC -14.4% (also announces workforce reduction), BIG -10.7%, DBI -10.1%, SSL -9.8%, CRM -7.2% (also Bret Taylor will step down as Vice Chair and Co-CEO on Jan 31; Marc Benioff will be Chair and CEO), DG -5.4%, OGS -4.4% (issues downside FY23 EPS guidance), VSCO -4.3%, SNOW -4.2%, LZB -3% (also increases dividend by 10%), SMTC -1.6%
Other news:
- AURA -16% (prices offering of 6.7 mln shares of common stock at $12.00 per share)
- SHLS -9.7% (CEO to step down for health reasons; also launches 20 mln share offering; also files mixed securities shelf offering)
- NTLA -7.2% (prices offering of 6550219 shares of common stock at $45.80 per share)
- XPEV -6.1% (reports Nov deliveries)
- FREY -4.8% (stock offering)
- CTO -4.3% (priced an upsized underwritten public offering of 3000000 shares of its common stock at a price to the public of $19.00/share)
- LI -3.9% (reports Nov deliveries)
- ATUS -3.7% (concludes its review of strategic alternatives for Suddenlink business - unanimously determined that the company continues to operate Suddenlink)
- COST -2.7% (reports Nov comps)
- SAIA -2.3% (provides shipment and tonnage data for first two months of Q4)
- ISEE -1% (prices offering of 13.35 mln shares of common stock at $22.50 per share)
- NIO -0.9% (reports Nov deliveries)
- LMND -0.8% (stock offering)
Analyst comments:
- ALLY -3.8% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- COF -2.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- BGS -0.9% (downgraded to Underweight from Equal Weight at Consumer Edge Research)