Gapping down
In reaction to disappointing earnings/guidance:
- PI -11.1%, TSE -10.1%, EIGI -9.1%, LYG -8.3%, QEP -6.9%, WEX -6%, FMS -6%, ARGX -5.9%, NOW -5.4%, BAX -5.2%, NGD -4.8%, PPC -4.5%, ORAN -4.5%, AR -4.1%, CAKE -3.5%, CCI -3.3%, CDE -3.2%, TAL -3.2%, OIS -3%, MT -2.9%, RDS.A -2.8%, OII -2.7%, CS -2.7%, FICO -2.5%, HGV -2.3%, URI -2%, CNX -2%, YUMC -1.9%, GNW -1.9%, KL -1.9%, TDOC -1.8%, KGC -1.8%, LLY -1.7%, AOS -1.6%, CARR -1.3%, GNLN -1.3%, NOVA -1.2%, CERN -1.2%, NEM -1.1%, AEM -1%, TYL -0.9%, PHX -0.9%, DNKN -0.9%
Select ETFs showing early weakness:
- XLF -1.6%, IWM -1.2%, IGV -1.2%, XLE -0.9%, SPY -0.8%, QQQ -0.8%, DIA -0.8%
Other news:
- SPPI -18.6% (stock offering)
- TENB -4.5% (launches 8 mln share offering by selling stockholders)
- FLR -2.9% (receives full notice to proceed by GFI for project in Chile)
- ZNTL -2.9% (prices offering of 4,125,000 shares of its common stock at $35.00 per share)
- DXC -1.7% (provides update on Xchanging ransomware attack investigation)
Analyst comments:
- CHEF -6% (downgraded to Neutral from Overweight at Piper Sandler)
- LB -2.8% (downgraded to Sell from Neutral at Citigroup)
- NEWR -1.8% (downgraded to Market Perform from Outperform at Cowen)
- CHRW -1.1% (downgraded to Hold from Buy at Stifel)
- AWI -0.5% (downgraded to Neutral from Outperform at Credit Suisse)