Gapping down
In reaction to earnings/guidance:
- CTLT -9.7%, SLQT -8.3%
Select index ETFs showing early weakness:
- QQQ -1.3%, IWM -1.2%, SPY -1%, DIA -0.9%
Other news:
- GTES -3.8% (files mixed securities shelf offering; also files for 178,587,591 share common stock offering by selling shareholders)
- FLEX -2.7% (receives shareholder approval to purchase up to 20% of its shares, board has authorized management to continue its share repurchase plan in an amount not to exceed $1 bln)
- DWAC -2.2% (experiencing financial problems, according to Washington Post)
- NVDA -1.9% (Cautious Barrons article)
- ALB -1.6% (concludes strategic review of Catalysts business; will retain under a separate, to-be-named entity and wholly owned subsidiary of Albemarle)
- KNSL -1.1% (files mixed securities shelf offering)
Analyst comments:
- DOW -2.5% (downgraded to Underweight from Sector Weight at KeyBanc Capital Markets)
- DRH -1.8% (downgraded to Equal Weight from Overweight at Wells Fargo)
- CHH -1.4% (downgraded to Underweight from Equal Weight at Wells Fargo)
- PEB -0.9% (downgraded to Equal Weight from Overweight at Wells Fargo)