>>> US Gapping down


Gapping down
In reaction to disappointing earnings/guidance
:

  • N/A.

M&A news:

  • SIRI -5% (aquires Pandora (P) for $3.5 bln)
  • CMCSA -4.6% (Comcast (CMCSA) wins auction for Sky with $40 bln bid)

Other news:

  • LOOP -13.9% (Loop Industries and Indorama Ventures 'announced a joint venture to manufacture and commercialize sustainable polyester resin')
  • TLRY -11.4% (continued weakness; cautious Barrons article)
  • CRON -2.6% (cautious Barrons article)
  • MU -1.6% (continued weakness post earnings)
  • ENDP -1.0% (agrees to additional stay of its litigation against the FDA until December 31)

Analyst comments:

  • NTNX -5.7% (downgraded to Negative from Neutral at Susquehanna)
  • CZR -2.8% (initiated with a Sell at UBS)
  • SFM -2% (downgraded to Market Perform from Outperform at Wells Fargo)
  • TXRH -1.5% (downgraded to Underperform from Market Perform at BMO Capital Markets)