Gapping down
In reaction to earnings/guidance:
- VSAT -1%, THS -0.8% (also exploring strategic alternatives to maximize value)
Other news:
- JOBS -31.5% (announces update on going-private transaction)
- CPLG -11.4% (to be acquired through a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P.; to receive $15.65 per share in cash)
- TOST -4.5% (announces partial early lock-up release)
- TSLA -4.3% (Elon Musk's Twitter poll says he should sell 10% of his stock; he says he will abide by the results of this poll)
- ETON -4.1% (receives FDA approval for EPRONTIA)
- PTON -4% (reports it will freeze hiring, according to CNBC)
- SGRY -2.1% (commenced an underwritten public offering of 5,000,000 shares of its common stock)
- LQDA -1.7% (receives tentative approval for YUTREPIA from FDA)
- VRRM -1.4% (files for 19,999,967 share common stock offering; also files for 13,207,821 share common stock offering by selling shareholder)
Analyst comments:
- BLUE -2.1% (downgraded to Underweight from Equal-Weight at Morgan Stanley)
- APTV -1.4% (downgraded to Neutral from Overweight at Piper Sandler)
- DNUT -1.4% (downgraded to Hold from Buy at Truist)