Gapping down
In reaction to earnings/guidance:
- CRDO -46.4%, POWW -15.1%, ABST -12.3%, BCS -10.8%, DVN -6.9% (also increases dividend), UDMY -6.4% (also 10% workforce reduction), CNDT -6.3%, TX -6%, LAD -6%, AKAM -5.5%, EHAB -5%, CHEF -5%, GDDY -2.6%, LTHM -2.6%, GFI -2.6%, WAT -2.2%, KHC -2.1%, HL -1.8%, NMIH -1.2%, CIM -1%, GOLD -0.7%, SAH -0.7%
Other news:
- TSM -5% (Berkshire Hathaway / Warren Buffett discloses decreased position in 13F filing)
- MEDP -1.4% (files mixed securities shelf offering; also files offering by selling shareholders)
- BK -1% (Berkshire Hathaway / Warren Buffett discloses decreased position in 13F filing)
Analyst comments:
- AKAM -5.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- AEO -3.9% (downgraded to Hold from Buy at Jefferies)
- LCII -3% (downgraded to Neutral from Buy at ROTH MKM)
- LVLU -2.2% (downgraded to Hold from Buy at Jefferies)
- TEL -1.3% (downgraded to Hold from Buy at Stifel)
- CMA -1.1% (downgraded to Neutral from Overweight at Piper Sandler)