Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- CRUS -14.3%, EMKR -12.7%, AMSC -11.4%, BDX -6.1%, CFX -5.7%, VSH -5.5%, MAC-4.6%, HESM -3.6%, GWPH -3.3%, JBSS -2.7%, DNKN -1.4%, LEG -1%, BGCP -1%, (BGC Partners and Newmark (NMRK) to coordinate timing of financial results - both will be releases Feb 9 before 8 am ET; BGCP Q4 revenues will be above high-end of the range of previous guidance), NOV -1%
M&A news:
- CAFD -6.5% (8point3 Energy Partners to be acquired by Capital Dynamics)
Other news:
- XIV -84.4% (VelocityShares Daily Inverse VIX continues to decline)
- SVXY -79.3% (ProShares Short VIX Short-Term ETF extending lower)
- BIOA -49.3% (public offering of $10 mln for 40 million units)
- SQ -3.3% (continued weakness)
- LULU -2.5% (lululemon athletica CEO Laurent Potdevin has resigned effective immediately; co also reaffirmed its updated guidance provided on January 8, 2018)
- M -1.9% (modestly lower following block trade)
- JE -1.3% (Just Energy to acquire privately held energy monitoring and management company EdgePower)
- HOG -1.2% (increases quarterly dividend to $0.37/share from $0.365/share and authorizes the repurchase of additional 15 mln shares )
- CTXS -1.1% (Citrix Systems appoints Fortinent (FTNT) CFO Andrew Del Matto as CFO effective February 19, 2018 )
- NXPI -0.8% (following CRUS results)
Analyst comments:
- XOM -1.2% (downgraded to Underweight from Equal Weight at Barclays)
- CLGX -1.9% (downgraded to Sell from Neutral at Compass Point)