Gapping down
In reaction to earnings/guidance:
- JOAN -17.7%, ASAN -8.8%, HCP -8.6%, ZUMZ -5.9%, CRWD -4.7%, RH -4.2% (also authorizes an additional $2 bln to stock repurchase program), IOT -3.2%, COO -2.3%, AAL -1% (guidance)
Other news:
- TSLA -5% (Elon Musk tweets "Tesla AI Day pushed to Sept 30 as we may have an Optimus prototype working by then")
- KREF -4.9% (prices offering of 7.0 mln shares of common stock)
- COIN -4.1% (will extend its hiring pause for the foreseeable future and rescind a number of accepted offers)
- FARO -2.6% (names new chairman)
- DM -2.3% (stock offering)
- RIOT -1.9% (provides production and operations update for May)
- PINS -1.7% (to acquire THE YES)
- SAVE -1.6% (Spirit Airlines and Frontier Airlines (ULCC) amend merger agreement; reverse termination fee of $250 million offers greater stockholder protections)
- TS -1.5% (resolves SEC investigation into legacy issue in Brazil)
Analyst comments:
- AON -1.5% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- MMC -1.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)