Gapping down
In reaction to disappointing earnings/guidance:
- VCRA -28%, BUD -8.9%, CLS -8.3%, GVA -7.9%, SMSI -7.4%, AVT -6.6%, KN -6.4%, AMZN -6.3%, PFPT -6.2%, EMN -6.1%, HUN -6%, MXL -5.6%, WY -5.6%, UHS -4.7%, EHTH -4.5%, DRQ -4.2%, VFC -4.2%, ILMN -3.7%, AFL -3.7%, PFG -3.4%, CSLT -3.1% (also signs Anthem to enterprise license agreement), COF -2.6%, LOGM -2.5%, FSLR -2.5%, GILD -2.2%, ABEV -1.9%, ENVA -1.7% (also intends to exit the UK market in Q4, announces new $75 mln share buyback authorization), OMCL -1.2%, SBCF -1.1%, TNET -1.1%, FLEX -0.9%, CINF -0.9%, CUBE -0.9%, POWI -0.9%, B -0.8%, CERN -0.6%, KEX -0.6%, VALE -0.5%
Other news:
- BYSI -15% (announces proposed public offering of common shares; size not disclosed)
- SHOP -2.1% (following AMZN results)
- ARCE -1.9% (prices offering of 7,719,503 Class A common shares at $43.00 per share)
Analyst comments:
- HEXO -3.6% ( downgraded to Sector Underperform at CIBC),
- CAR -1.6% (downgraded to Hold from Buy at Deutsche Bank)
- ODFL -1.1% (downgraded to Sell from Hold at Stifel)
- HBAN -0.9% (downgraded to Neutral from Buy at BofA/Merrill)
- KMI -0.7% (downgraded to Neutral from Buy at Goldman)