Gapping down
In reaction to disappointing earnings/guidance:
- LNDC -3.8%
M&A news:
- AA -1.2% (to sell waste treatment facility)
- ILMN -1.2% (mutually terminates merger agreement with PACB)
Select EU financial related names showing weakness:
- DB -3.7%, SAN -3.5%, CS -3.1%, BBVA -2.8%, LYG -2.7%, UBS -2.7%
Other news:
- INCY -9.9% (disappointing GRAVITAS-301 results)
- BNTX -4.2% (announces publication of preclinical data for CAR-T cell therapy approach targeting solid tumors)
- VNE -3.2% (estimates its current total order book value to be approximately $19 bln)
- ANET -1.8% (Chief Customer Officer resigns, reaffirms Q4 revs guidance)
Analyst comments:
- MD -2.3% (downgraded to Neutral from Buy at Citigroup)
- STAY -2.1% (downgraded to Neutral from Outperform at Robert W. Baird)
- IVZ -1.9% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
- NVO -1.9% (downgraded to Neutral from Buy at Guggenheim)
- FLEX -1.8% (removed from Conviction Buy List at Goldman)