Gapping down
In reaction to disappointing earnings/guidance:
- NDLS -14.1% (also announces launch of secondary offering of 8.75 mln shares of its Class A common stock by selling stockholders), STM -12%, MKSI -7.3%, SIX -7%, IRBT -6.6%, TXN -6.2%, LPL -4.9%, DB -3.8%, BABY -3.8%, T -3.5%, UPS -3.1%, CSL -3%, LH -2.7%, EW -2.6%, GD -2.5%, OC -2.2%, BSX -2.2%, UMBF -1% (light volume), ILMN -0.8%, QSR -0.7%
Select semiconductor related names showing weakness:
- TXN -6.7%, NXPI -2.2%, ON -2.1%, ADI -2%, CY -1.9%, SOXX -1.5%, SMH -1.3%, MU -1.2%, XLNX -0.8%, AMD -0.5%, NVDA -0.5%
Other news:
- IGC -4.8% (ongoing volatility)
- LOVE -3.8% (files 2.0 mln share common stock offering by selling stockholders)
- BGFV -3.4% (Akorn will replace Big 5 Sporting Goods in the S&P SmallCap 600)
- VRRM -3.3% (files for offering of 146,381,878 shares of Class A Common Stock and 6,666,666 warrants to purchase Class A Common Stock by holders)
- NOG -1.2% (files 100.84 mln share common stock offering by selling stockholders)
- BKS -0.9% (Special Committee of the Board of Directors assigned to evaluate strategic alternatives for the Company has selected Evercore as its financial advisor and Baker Botts L.L.P. as its legal advisor)
Analyst comments:
- WING -1.9% (downgraded to Hold from Buy at Stifel)
- QEP -1.7% (downgraded to Market Perform at Wells Fargo)
- YUM -1.5% (downgraded to Hold from Buy at Stifel)
- BJRI -1.3% (downgraded to Hold from Buy at Stifel)
- ABR -1.3% (downgraded to Underweight from Neutral at JP Morgan)
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