Gapping down
In reaction to disappointing earnings/guidance:
- MKC -7.4%, HOG -6.9%, RMBS -4.3%, PKI -3.3%, FFIV -3.2%, SAP -3.2%, PHG -2.7%, MMM -2.1%, JJSF -2%, PFE -1.6%, PII -1.5%, JNPR -1.1%, LRN -0.8%, UTX -0.8%
M&A news:
- BWA -6.9% (BorgWarner confirms all-stock acquisition of Delphi; also provided guidance)
Other news:
- AVH -21.9% (reports monthly metrics)
- EROS -5.3% (enters into equity investment facility; may elect to sell up to $50 mln of its A ordinary shares)
- BYND -2.6% (Judge rules Don Lee Farms likely to obtain a judgment - CFO and others named individually for fraud)
- GO -2.5% (announces stock offering, reports upside prelim Q4 sales)
- DNLI -2.1% (files for $150 mln stock offering)
Analyst comments:
- DDD -5.1% (downgraded to Neutral from Overweight at Piper Sandler)
- HEXO -3% (downgraded to Neutral from Buy at MKM Partners)
- DEO -2.5% (downgraded to Underweight from Neutral at JP Morgan)
- FL -1% (downgraded to Market Perform at Telsey Advisory Group)