Gapping down
News:
- AHT -7.5% (Ashford Hospitality Trust and Seven Knots entered into a common stock purchase agreement)
- TBPH -6.3% (announces top-line results from phase 2 study of nezulcitinib in patients hospitalized with acute lung injury due to COVID-19; study did not meet the primary endpoint)
- VXX -3.1% (trading lower with rebound in futures)
- RIDE -1.2% (High level execs at RIDE sold stock prior to company's problems were revealed, according to WSJ)
- IR -0.7% (acquires Seepex GmbH for €431.5 mln)
Analyst comments:
- ARCT -4.2% (downgraded to Underweight from Equal Weight at Barclays)
- PHG -0.5% (downgraded to Hold from Buy at HSBC Securities)