Gapping down
In reaction to earnings/guidance:
- ADTN -15.4% (guidance), TLRY -6.9% (also to acquire HEXO Corp), PBPB -2.4% (guidance)
Other news:
- MRNA -5.4% (Moderna and Merck (MRK) provide cancer vaccine update; also announced clinical and program updates demonstrating expansion and advancement of its mRNA pipeline; co estimates respiratory product sales in 2027 to be in the range of $8 billion to $15 billion)
- KRUS -3.8% (public stock offering)
- NEM -3.3% (to enter into confirmatory due diligence on Newcrest)
- WRN -1.1% (Rio Tinto Canada (RIO) has notified the Company that it will exercise its participation right in full)
- TTWO -1% (to sell $1.0 bln Senior Notes)
Analyst comments:
- SWN -2.3% (downgraded to Underweight from Equal Weight at Wells Fargo
- LEG -1.5% (downgraded to Neutral from Buy at Goldman)