Gapping down
In reaction to earnings/guidance:
- HCP -22.3% (also to cut workforce by 8%), GME -20.8% (also names Ryan Cohen as Exec Chairman, effective immediately; former CEO terminated), SMAR -17.2%, CURV -11.3%, SIG -9.2%, OXM -6.7%, FCEL -3.4%
Other news:
- AKYA -7.9% (prices offering of 8.7 mln shares of common stock at $5.00 per share)
- VTNR -4.3% (announces private exchange of ~$79.95 mln of 6.25% convertible notes due 2027)
- VLN -2.6% (announces a plan to improve operational efficiency; lowers FY23 revs outlook)
- GEHC -2.5% (prices offering of 25.0 mln shares of common stock at $78.00 per share)
- FND -2.3% (acquires Salesmaster Flooring Solutions)
- ATAT -2% (prices upsized offering by entities affiliated with Legend Capital of 5.76 mln ADSs at $14.80 per ADS)
- CNM -1.4% (announces launch of 14 mln share offering by selling shareholders; also expects to repurchase 3.13 mln of those shares)
Analyst comments:
- WYNN -2.5% (downgraded to Hold from Buy at Jefferies)
- LVS -2.1% (downgraded to Hold from Buy at Jefferies)
- ABNB -1.5% (initiated with an Underweight at Wells Fargo)
- EXPE -1.4% (initiated with an Underweight at Wells Fargo)