Gapping down
In reaction to disappointing earnings/guidance:
- NEWR -12.9% (lowers FY20 rev guidance)
Select financial related names showing weakness:
- DB -2.2%, PUK -2.1%, BCS -2.1%, ING -2%, C -1.8%, HSBC -1.6%, MS -1.3%, BAC -1.2%, CS -1.1%, GS -0.9%
Select Chinese stocks trading lower:
- JD -1.3%, WB -1%, BABA -0.9%, BIDU -0.7%
Other news:
- ROAD -5.4% (announces that SunTx Capital Management intends to offer 5 mln shares of Class A common stock in an underwritten secondary offering)
- AUPH -2.9% (entered into $40 mln open market sales agreement with Jefferies)
- KDMN -2.9% (files for $200 mln mixed securities shelf offering and ~7.3 mln share common stock offering by holders) GM -2.7% (UAW union workers strike)
- AVXL -2.4% (filed prospectus supplement registering shares of common stock issuable pursuant to its purchase agreement with Lincoln Park Capital Fund)
- REXR -1.8% (prices offering of 3 mln shares of 5.625% Series C Cumulative Redeemable Preferred Stock)
- AAPL -0.6% (Cautious Barrons article)
Analyst comments:
- ATRA -1.7% (downgraded to Hold from Buy at Jefferies)
- HPQ -1.5% (downgraded to Neutral from Buy at UBS)
- JPM -1% (downgraded to Neutral from Buy at Buckingham Research)
- AINV -0.5% (downgraded to Neutral from Buy at Compass Point)