Gapping down
In reaction to earnings/guidance:
- HOV -1% (lowers Q4 revenue guidance due to supply chain delays)
Select Index ETFs showing early weakness:
- QQQ -1.3%, IWM -1.2%, SPY -1.1%, DIA -1%, .
Other news:
- TSHA -15% (files for $350 mln mixed securities shelf offering)
- MANU -13.4% (announces 9.5 mln share offering by selling shareholders)
- HESM -9.9% (prices secondary offering of 7.5 mln shares of common stock at $26.00 per share)
- TAK -8.9% (suspends Phase 2 TAK-994 clinical program)
- RGS -5.8% (being removed from S&P SmallCap 600)
- INDI -2.7% (expands perception-enabled vision processing capabilities by establishing a new business unit)
- SWX -2.1% (D to sell Questar Pipelines to SWX for $1.975 bln)
- TRIT -2.1% (provides update on financial audit)
- UMC -1.6% (Sep revs)
- RIOT -1.2% (reports Sept production and operation updates)
Analyst comments:
- GOGO -6.3% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- X -4.4% (downgraded to Sell from Neutral at Goldman)
- AAL -3.8% (downgraded to Sell from Neutral at Goldman)
- ITRI -3.3% (downgraded to Perform from Outperform at Oppenheimer)
- JBLU -2.7% (downgraded to Neutral from Buy at Goldman)
- CDW -1.9% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- AGNC -1.2% (downgraded to Neutral from Overweight at Piper Sandler)