Gapping down
In reaction to earnings/guidance:
- FB -22%, LSPD -16.2%, CSII -12.9%, SPOT -9.9%, NTGR -9.2%, LITE -8.9%, ING -5.3%, TKR -4.9%, QRVO -4.6%, DGX -4.3%, LNC -4.1%, CTVA -3.8%, BIIB -3.8%, LAZ -3.7%, SU -3.5%, HON -3.2%, AVB -3%, ALGN -2.9%, NOK -2.8%, YELL -2.2%, ABB -2.2%, FTV -2%, PENN -1.8%, SITM -1.7%, AFL -1.6%, KLIC -1.6%, MET -1.5%, XYL -1.4%, BCE -1.4%, CTSH -1.1%, WMS -1.1%, OMF -1%, QCOM -1%, RDS.A -1%, APTV -1%, HOLX -0.8%, BERY -0.8%, OHI -0.7%, LLY -0.7%, CMI -0.6%
Other news:
- SLCA -4.1% (to increase prices on certain industrial and specialty products)
- CX -1.8% (co and Synhelion announce breakthrough in cement production with solar energy)
- AMC -1.6% (upsizes and prices private offering of $950 mln senior notes due 2029)
- NTLA -1.5% (announces the acquisition of Rewrite Therapeutics)
- AWK -1% (CEO retires)
- XL -1% (CFO resigns)
Analyst comments:
- ELMS -6.6% (downgraded to Hold from Buy at Jefferies)
- FSLR -4.4% (downgraded to Neutral from Buy at BofA Securities)
- PYPL -2.1% (downgraded to Hold from Buy at DZ Bank)
- VRTX -1.1% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)