Gapping down
In reaction to disappointing earnings/guidance:
- BMI -9%, SMCI -8.8%, MXIM -6%, (also announces new share repurchase authorization $1 bln, raises dividend), NCR -5.8%, MANH -5.1%, EBAY -4.5%, SWKS -3%, DFRG -2.9%, CL -2.3%, GE -0.8%
Other news:
- SBLK -4.9% ( files for $1 bln mixed securities shelf offering and approx 39 mln common share offering by Selling Shareholders)
- SBLK -4.9% (ticking lower; files for $1 bln mixed securities shelf offering and approx 39 mln common share offering by Selling Shareholders)
- VRAY -3.9% (continued weakness)
- NAT -3.5% (reduces quarterly dividend to $0.15/share from $0.20/share)
- KEM -3.4% ( files ~8.416 mln share common stock offering by a selling security holder)
- CVM -2.5% (filed for ~1.787 mln share common stock offering by selling shareholders before the close)
- ANET -1.2% (attributed to unfavorable ruling for import ban against Cisco)
- CCI -1% (prices 36.5 mln common shares at $96.00/share)
Analyst comments:
- FGEN -2.4% (downgraded to Neutral from Buy at Goldman)
- FIZZ -2.3% (downgraded to Underperform from Neutral at Credit Suisse)
- RH -1.1% (downgraded to Hold from Buy at Deutsche Bank)
- PII -0.8% (downgraded to Neutral at Robert W. Baird)
- PAYX -0.8% (downgraded to Mkt Perform from Outperform at William Blair)
- JNJ -0.6% (downgraded to Sell from Neutral at BTIG Research)