Gapping down
In reaction to disappointing earnings/guidance:
- CGC -13.3%, TPR -11.2%, JE -10.6%, CSCO -8.3%, AEG -7.1%, CACI -5.4%, GFI -2.6%
M&A news:
- VMW -3.3% (Pivotal Software confirms discussions with VMware (VMW) for possible combination; in talks to acquire for $15.00 per share)
- DELL -0.8% (Dell Technologies discloses VMware / Pivotal acquisition discussions)
Select cannabis related names showing weakness:
- TLRY -2.8%, OGI -2.2%, CRON -2%, NBEV -2%, ACB -1.8%
Other news:
- GE -4.7% (dropping in early trade as Bernie Madoff whistleblower Harry Markopolos issues critical report on GE's accounting)
- LOW -0.6% (Pershing Square disclosed decreased holding)
Analyst comments:
- ADSK -2.3% (downgraded to Hold from Buy at Deutsche Bank)
- PAYX -1.6% (downgraded to Underweight from Equal-Weight at Morgan Stanley)