Gapping down
In reaction to earnings/guidance:
- BLI -5.7% (guidance), KIDS -5.1% (guidance), ETWO -3.6%, SGHT -2.5% (guidance), JEF -2.3%, AMRX -2.3% (guidance), FICO -1.8% (CFO stepping down, reaffirms guidance)
Other news:
- LFCR -2.4% (issues and sold convertible preferred stock)
- COIN -2.1% (discloses that FY22 Adjusted EBITDA is expected to be within the negative $500 mln loss guardrail that the company provided in the shareholder letter; also announces further restructuring plan; will eliminate 950 jobs)
- KYMR -1.6% (shares key 2023 goals to support its evolution into a fully integrated degrader medicines company)
- AVGO -0.9% (Apple to drop AVGO chips by 2025 according to Bloomberg)
- QCOM -0.8% (Apple to drop QCOM chips by 2025 according to Bloomberg)
- CRM -0.8% (reports holiday season online sales data)
- SYNH -0.8% (CFO stepping down)
Analyst comments:
- DK -1.6% (downgraded to Underperform from Neutral at Mizuho)
- ALLY -1.5% (downgraded to Hold from Buy at Jefferies)
- CRK -1.4% (downgraded to Neutral from Buy at Mizuho)