Gapping down
M&A related:
- IQ -3.1% (reports suggest that Alibaba and Tencent put discussions to acquire iQIYI Inc on hold)
- WORK -3.9% (following Monday's M&A related strength)
Momentum EV space names are indicated lower:
- CIIC -3.4%, DPW -3.1%, NKLA -2.8%, FSR -2.5%, LI -2.4%, XPEV -0.7%, KNDI -0.6%, TSLA -0.4%
Blockchain related names are pulling back sharply:
- RIOT -15.1%, BTBT -14.7%, MARA -14.1%
Other news:
- QMCO -15.6% (files for $200 mln mixed securities shelf offering)
- YJ -11.2% (pullback from this week's earnings related move higher)
- GEOS -9.3% (Aaron's post spin-off will replace Geospace in the S&P SmallCap 600)
- RRD -3.5% (to be removed from the the S&P SmallCap 600)
- MSTR -2.3% (after seeing notable strength on blog mention)
- IBIO -2.1% (files for $200 mln mixed securities shelf offering)
- AZN -1.7% (acknowledges mistake in vaccine dosages, according to the NY Times)
- GRBK -0.8% (files for $500 mln mixed shelf offering; also files for offering by selling shareholders)
- DIS -0.2% (discloses in 10K filing it will eliminate 32,000 jobs in H1 of 2021)