Gapping down
In reaction to earnings/guidance:
- CHWY -11.3%, AMBA -8.2%, HPQ -6.8%, PVH -6.6% (also to reduce people costs in global offices by ~10%)
Other news:
- BBBY -25.1% (sees Q2 revs below consensus; provides outlook and update on strategic changes to strengthen its financial positioning and drive growth; files common stock offering for an undisclosed amount)
- SNAP -7.5% (NFLX names two SNAP execs to lead its ads business according to AdAge)
- OSCR -3.1% (Health First to terminate services agreement)
- EYPT -1.9% (receives subpoena from US Atty relating to DEXYCU)
- AOSL -1.9% (to delay form 10-K)
- BCPC -1.7% (acquires acquires Cardinal Associates operating as Bergstrom Nutrition)
Analyst comments:
- RWT -1.7% (downgraded to Neutral from Buy at BTIG Research)
- HOOD -1.7% (downgraded to Underweight from Equal Weight at Barclays)