Gapping down
In reaction to earnings/guidance:
- ZY -73.9% (no longer expects product revenue in 2021; CEO steps down), CDLX -20.5%, LPSN -9.5%, OSUR -8.4%, AYX -8.1%, PSN -7.7%, HTA -6.9% (also CEO resigns; also raises dividend slightly), MRCY -6.5%, AKAM -5.9%, WTI -5.4%, WTI -5.4%, SPWR -4.8%, VIRT -4.7%, KAR -4.2%, ODP -3.9%, CVGW -3.9%, NCR -3.8%, MTCH -3.5%, SKLZ -3.5%, INFN -3%, UNM -2.8%, GM -2.7%, H -2%, CPE -1.7%, HPP -1.3%, TT -1.3%, VMC -1.3%, LUMN -1.2% (LUMN also to sell local incumbent carrier operations in 20 states to APO for $7.5 bln), FMC -1.2%, TISI -1.1%, CAMT -1%, ETR -1%, CVS -0.9%, KTOS -0.8%, AMGN -0.8%, TM -0.8%, MPC -0.8%, PACB -0.7%, LMT -0.7% (CFO retires; reaffirms FY21 sales guidance, lowers EPS due to charge impact; announces reduction of pension obligation by $4.9 bln), BWA -0.7%
Other news:
- TELL -11.7% (prices offering of 35 mln shares of common stock)
- CHNG -8.7% (DOJ may sue to block UNH's acquisition of CHNG, according to The Information)
- UTL -6.1% (stock offering)
- OPCH -4.9% (prices secondary offering of 18 mln shares of common stock at $20.25 per share)
- ZI -1.9% (prices secondary offering of 27 mln shares of common stock at $54.78 per share)
- RNA -1.6% (prices offering of 8 mln shares of common stock at $18.00 per share)
- AAL -1.3% (SAVE and ALL cancel hundreds of flights amid staff shortages, according to Bloomberg)
Analyst comments:
- OCFT -6.2% (downgraded to Equal-Weight from Overweight at Morgan Stanley)
- SWI -0.5% (downgraded to Hold from Buy at Berenberg)