Gapping down
In reaction to earnings/guidance:
- SAM -8.3% (lowers EPS guidance for 2021; shipment growth and gross margins will be below guidance), SHW -3.6%, JPM -2.1%, BLK -1.6%
Other news:
- CSTL -5.3% (data confirms DecisionDx-SCC as a significant and independent risk-stratification tool)
- SRC -3.9% (prices offering of 8.2 mln shares of common stock at $47.60 per share)
- PWP -3.1% (stock offering)
- ASPN -2% (CFO to retire)
- MNTV -1.1% (ZEN issues letter re proposed acquisition of MNTV)
- FB -0.9% (House Select Committee subpoenas social media cos)
- GOOG -0.7% (House Select Committee subpoenas social media cos)
- TWTR -0.6% (House Select Committee subpoenas social media cos)
Analyst comments:
- BJ -3.7% (downgraded to Underweight from Overweight at JP Morgan)
- MOR -3.7% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- GLW -2.6% (downgraded to Hold from Buy at Deutsche Bank)
- CRNC -2.1% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- DIS -1.5% (downgraded to Neutral from Buy at Guggenheim)
- EAT -1.4% (downgraded to Hold from Buy at Gordon Haskett)
- CTSH -1.4% (downgraded to Neutral from Buy at Citigroup)
- DPZ -1.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- F -1.1% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)