Gapping down
In reaction to disappointing earnings/guidance:
- PINS -17.3%, BIDU -11.3%, IQ -6.6%, DE -4.8%, ENS -3.1%, LX -1.2%, NVDA -1%
Select semiconductor stocks trading lower after NVDA's earnings:
- XLNX -1.4%, MU -1.2%, AMD -1%, SMH -1%, SOXX -1%, LRCX -0.8%
Other news:
- WTRH -9.1% (announces launch of follow-on public offering of common stock)
- GRUB -3.5% (reports that Amazon plans to buy stake in UK food delivery app Deliveroo)
- ADMA -1.9% (prices 11.25 mln common stock offering at $4.00/share)
- VALE -1% (after seeing afternoon weakness in response to headlines that Brazilian prosecutors are warning the company's Gongo Soco mine could break later this month)
- PHM -0.9% (approves increase of $500 mln to share repurchase authorization; announces cash tender offer for $300 mln of its 4.250% senior notes due 2021)
Analyst comments:
- NPTN -6.8% (downgraded to Hold at Needham; downgraded to Neutral from Buy at MKM Partners)
- CWH -2.2% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- MTDR -1% (downgraded to Neutral from Buy at MKM Partners)
- CPRT -0.8% (downgraded to Neutral from Buy at Guggenheim)