Gapping down
In reaction to earnings/guidance:
- PCH -6.9%, SWK -6.3%, TECK -6%, DXCM -4.9% (guides Q3 revs above consensus; also Chief Commercial Officer to retire), PFG -4.8%, LLY -4.5%, FIX -4% (also increases dividend slightly), CHGG -3.9%, AMKR -2.9%, ROP -1.9%, QURE -1.9%, NVS -1.4%, CAT -1.2%, PKG -0.8%, TWLO -0.7%, MMM -0.7%, CVLG -0.6%, PII -0.6%
M&A news:
- AMD -1.8% (AMD to acquire Xilinx in an all-stock transaction valued at $35 bln; also reported earnings)
Other news:
- CATB -64% (Phase 3 PolarisDMD trial primary endpoint was not met)
- TPTX -3.9% (prices offering of 4,597,702 shares of its common stock at $87.00 per share)
- MRTX -2.6% (stock offering)
Analyst comments:
- PRIM -2.5% (downgraded to Sector Weight from Overweight at KeyBanc Capital Markets)
- SEDG -2.2% (downgraded to Sell from Neutral at UBS)
- SPWR -1.9% (downgraded to Sell from Neutral at UBS)
- RUN -1.6% (downgraded to Sell from Neutral at UBS)
- RIO -0.9% (downgraded to Sell from Hold at Liberum)
- WM -0.8% (downgraded to Underperform from Neutral at BofA Securities)
- JKS -0.7% (downgraded to Sell from Neutral at UBS)