Gapping down
In reaction to earnings/guidance:
- SSTK -13.9%, UHS -12.1%, PII -8.6%, CR -4.7% (also to divest its Canadian distribution business for C$380 mln), IVZ -4.7%, HSBC -4.4%, CADE -4.1%, NMR -3.8%, GE -3.5%, HLX -3.3%, ARCC -2.3%, ZION -2.1%, JBLU -2%, EDU -1.9%, RTX -1.1%, MMM -1%
Other news:
- PTGX -30.9% (announces topline results from the Phase 2 IDEAL study)
- NKTX -8.8% (prices offering of 13333334 shares of its common stock at $15.00 per share)
- NKTR -6.8% (announces cost restructuring/headcount reduction)
- HFFG -4.9% (to acquire substantially all of the assets of Sealand Food)
- ARES -4.6% (NLY to sell its Middle Market Lending portfolio to ARES for $2.4 bln)
- BOC -1.1% (files for $500 mln mixed securities shelf offering; also files for 8297039 offering by selling shareholders)
Analyst comments:
- RDFN -6.6% (downgraded to Underweight from Overweight at Piper Sandler)
- NEXT -5.6% (downgraded to Sell from Hold at Stifel)
- STLA -3% (downgraded to Neutral from Buy at BofA Securities)