Gapping down
In reaction to disappointing earnings/guidance:
- OGI -8.3%
M&A news:
- SCHW -0.8% (confirming acquistion of AMTD for $26 bln in all-stock transaction)
Other news:
- CTSO -10.3% (says temporarily pausing enrollment of REFRESH 2-AKI study at the recommendation of its Data Monitoring Committee as the Company transitions to a new contract research organization for the trial)
- UBER -4.4% (denied new private hire operator's licence in London)
- TXG -1.5% (discloses update in Bio-Rad Laboratories (BIO) suit -- Court ruled that the Company's GEM microfluidic chips, as well as certain Chromium instruments and accessories used with GEM microfluidic chips, infringed the German Utility Model)
Analyst comments:
- AEO -1.6% (downgraded to Hold from Buy at Loop Capital)
- PRU -0.9% (downgraded to Sell from Neutral at Citigroup)
- NFLX -0.7% (downgraded to Underperform from Market Perform at Wells Fargo)
- OMP -0.7% (downgraded to Neutral from Outperform at Credit Suisse)