Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- PNC -1.3%
Other news:
- ALLK -59.2% (restructuring to reduce costs to focus on AK006 clinical development, including workforce reduction of approximately 50%; also announces that hase 2 Lirentelimab trials in Atopic Dermatitis and Chronic Spontaneous Urticaria did not meet their primary endpoint)
- TBPH -5% (discloses Settlement Agreement)
- KEN -4.6% (announces updates in respect of its Subsidiary Gnrgy)
- BIDU -4% (responds to recent media reports on Ernie Bot)
- BA -2.2% (FAA will keep the boeing 737-9 MAX grounded until extensive inspection and maintenance is conducted and data from inspections is reviewed; also downgraded to Equal Weight from Overweight at Wells Fargo)
- TTE -1.9% (provides main indicators in trading statement)
- GOLD -1.9% (Q4 gold production)
- ALV -1.4% (Autoliv Swedish Depository Receipts: Changes to Terms and Conditions, ISIN-code, and Withholding Agent)
- AGI -1.2% (announces acquisition of Orford Mining including the Qiqavik Gold Project)
- QSR -1.1% (Carrols Restaurant Group and Restaurant Brands Int'l (QSR) reach agreement in which QSR will acquire all of Carrols issued and outstanding shares that are not already held by QSR or its affiliates for $9.55/shareshare)
Analyst comments:
- GIII -3.6% (downgraded to Underweight from Equal Weight at Wells Fargo)
- DRVN -2.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- FND -2.5% (downgraded to Mkt Perform from Outperform at Bernstein)
- FTNT -2.3% (downgraded to Equal Weight from Overweight at Wells Fargo)
- FMC -2.1% (downgraded to Underperform from Neutral at BofA Securities)
- DD -1.8% (downgraded to Underperform from Buy at BofA Securities)
- CE -1.7% (downgraded to Underperform from Neutral at BofA Securities)
- HPE -1.3% (downgraded to Mkt Perform from Outperform at Bernstein)
- H -1.2% (downgraded to Neutral from Buy at Redburn Atlantic)