Gapping down
In reaction to disappointing earnings/guidance:
- PRLB -13.1%, XLNX -9.8%, PTC -8.7% (also appoints Kristian Talvitie as CFO), MMM -8.6%, NOK -8.1%, XRX -7.6%, NTGR -7.3%, SAVE -6.5%, CUZ -5%, ORLY -4.6%, DHI -3.6%, ADS -3.5%, MO -3.3%, MAS -3%, BCS -2.9%, BC -2.7%, UPS -2.6%, QEP -2.5%, ALGN -2.4%, ROK -2.2%, ECHO -2.1%, SSTK -2%, CMCSA -2%, HZO -1.9%, PKG -1.8%, AB -1.7%, BAX -1.7%, ARI -1.5%, VC -1.5%, AGNC -1.3%, RTN -1.3%, HBAN -1.1%, OMAB -0.8%, TSLA -0.7%
Other news:
- MMLP -21.2% (announces strategic initiatives, reports Q1 results, and cuts dividend)
- GRTS -5.4% (prices 6.5 mln shares of common stock at $11.50 per share)
- PBFX -3.1% (reports prelim Q1 results with plans to acquire the remaining 50% interest in Torrance Valley Pipeline Company ; announces registered direct offering of 6,585,500 common units for gross proceeds of ~$135.0 mln)
- PCG -1.7% (confirms will report first-quarter 2019 earnings on May 2)
- WMT -0.5% (UK CMA blocks merger between J Sainsbury (JSAIY) and Asda, unit of WMT)
Analyst comments:
- CYBR -1.6% (downgraded to Neutral from Buy at UBS)
- MTSI -0.9% (downgraded to Hold from Buy at Jefferies)
- OC -0.9% (downgraded to Sell from Neutral at Seaport Global Securities)