Gapping down
In reaction to earnings/guidance:
- JWN -11.8%, KC -8.6%, URBN -4.5%, LMNR -3.2% (guides JulQ EPS and revenue below consensus), HEI -0.8%
Other news:
- SAVA -23% (citizens petition filed; co responds to allegations, believes claims are misleading)
- HUGE -12.2% (to terminate its Phase 2 clinical trial of FSD-201)
- RIOT -2.6% (files for 11.8 mln share offering by selling shareholder)
- SAIA -2.5% (to join S&P MidCap 400)
- PRPL -2% (CFO stepping down)
Analyst comments:
- SAM -3.4% (downgraded to Underperform from Market Perform at Cowen)
- CAE -2.2% (downgraded to Underperform from Neutral at BofA Securities)
- CPB -1.1% (downgraded to Neutral from Overweight at Piper Sandler)