Gapping down
In reaction to disappointing earnings/guidance:
- ARLO -29.5%, EA -16.6%, TCS -16.2%, MTSI -15.5%, USNA -8.9%, SFLY -7.1% (also undertaking strategic review as co has been approached about an acquisition; CEO to step down in August), SPOT -6.8%, SU -6.5%, HIW -5.4%, NANO -4.5%, TENB -4.2%, APC -4.2%, CG -3.9%, MYGN -3.7%, SAVE -3.1%, DATA -3%, MXL -2.4%, EQNR -2.3%, ICL -2.2%, LBRT -2.1%, VNOM -1.8%, GNW -1.7%, CMI -1.6%, LLY -1.2%, HCSG -1.1%, APU -1%, TM -1%
Other news:
- VNDA -12.9% (files complaint against the FDA for 'requiring unnecessary studies that would result in the death of dozens of dogs without legal authority')
- AGLE -12.8% (prices 3.75 mln shares of common stock at $8.00 per share)
- ATVI -6.3% (following EA results)
- APHA -6.2% (rejects hostile bid from Green Growth Brands)
- PDD -4.7% (announces proposed follow-on public offerings of 37,038,000 American Depositary Shares and 14,815,000 ADSs by selling shareholders)
- RCL -1% (indicated lower on block trade pricing)
- TSLA -1% (lowers price of Model 3)
Analyst comments:
- MTCH -3.7% (downgraded to Hold from Buy at Deutsche Bank)
- PBI -2.9% (downgraded to Neutral from Buy at Northcoast)
- MHO -1.8% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
- VSH -1.4% (downgraded to Neutral from Buy at BofA/Merrill)
- GNRC -1.3% (downgraded to Mkt Perform from Outperform at William Blair)
- PYPL -1.3% (downgraded to Neutral from Buy at Guggenheim), IT -1.1% (downgraded to Market Perform from Outperform at BMO Capital Markets)
- EL -0.8% (downgraded to Hold from Buy at Berenberg)
