Gapping down
News:
- CORT -33.1% (unfavorable patent ruling in Teva (TEVA) case)
- YY -10.4% (JOYY provides update on development in sale of YY Live)
- MDXG -6.5% (Provides AXIOFILL Update & Reiterates 2023 Full Year Net Sales and Fourth Quarter Adjusted EBITDA Margin Outlook)
- PNM -5.6% (PNM Resources announces Avangrid (AGR) termination of merger agreement)
- LI -5.1% (reports Dec deliveries)
- LXRX -3.3% (disclosed Friday that it entered into $75 mln Open Market Sale Agreement )
- ASML -3% (issues statement regarding partial revocation export license)
- CBUS -2.7% (entered into $80 mln Sales Agreement with Stifel, Nicolaus & Company)
- VFS -2.6% (entered into a securities purchase agreement)
- NIO -2.5% (reports Dec deliveries)
- RPTX -2.1% (establishes automatic securities disposition plans; up to 929,670 common shares in the aggregate may be sold by executive officers)
- ABAT -2.1% (files for $150 mln mixed securities shelf offering)
- VRNA -1.9% (enters into debt facility of up to $400 mln with Oxford Finance and Hercules Capital (HTGC))
- NOK -1.8% (expects that it will not achieve its 2023 financial outlook as licensing renewal discussions are expected to continue into 2024)
- VTNR -1.8% (amended its existing term loan agreement)
- XPEV -1.7% (reports Dec deliveries)
- AUR -1.6% (files $850 mln mixed shelf securities offering)
- BIDU -1.6% (JOYY provides update on development in sale of YY Live)
- NMG -1.5% (pays accrued interests)
- FREY -1.1% (completed its previously announced process to redomicile from Luxembourg to the United States effective December 31)
- XOMA -1.1% (authorizes its first stock repurchase program, up to $50 mln)
- CNHI -1% (completes Voluntary Delisting of Shares from Euronext Milan and begins Single Listing on the New York Stock Exchange) .
Analyst comments:
- GDRX -6.9% (downgraded to Underperform from Buy at BofA Securities)
- BL -2.4% (downgraded to Underweight from Neutral at Piper Sandler)
- BALL -2.2% (downgraded to Underperform from Neutral at BofA Securities)
- HAS -2.1% (downgraded to Neutral from Buy at DA Davidson)
- AVDX -1.9% (downgraded to Neutral from Overweight at Piper Sandler)
- EL -1.9% (downgraded to Hold from Buy at Deutsche Bank)
- AAPL -1.8% (downgraded to Underweight from Equal Weight at Barclays)
- BC -1.7% (downgraded to Neutral from Buy at B. Riley Securities)
- AVY -1.3% (downgraded to Underperform from Buy at BofA Securities)