Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- CMBM -31.7% (lowers Q3 revenue guidance), MXCT -21.7% (weak guidance), RGP -10.9%, ACCD -7.7%, CLX -4.1% (weak SepQ guidance; previously announced cybersecurity attack caused wide-scale disruptions), STZ -2.1%, BKE -1.6% (Sep comps), CAG -1.1%
Other news:
- RIVN -9% (proposes $1.5 bln aggregate principal amount of green convertible senior notes due 2030)
- HRTG -5.1% (reports Q3 catastrophe losses)
- MRCY -1.5% (files mixed shelf securities offering)
- PTEN -1.5% (reports drilling activity for Sept)
- MATV -1.5% (entered into a final binding and irrevocable offer letter for Evergreen Hill Enterprise to acquire the Company's Engineered Papers business for $620 million in cash)
- PGY -1.3% (files $500 mln mixed shelf securities offering)
- SU -1.3% (TTE to sell to SU the entirety of the shares of TotalEnergies EP Canada)
- COP -1.2% (TTE finalizes sale to COP of its 50% interest in Surmont oil sands)
- XOM -1.1% (details items that will impact Q3 results)
Analyst comments:
- CARR -2.9% (downgraded to Underperform from Neutral at BofA Securities)
- BFH -2.1% (downgraded to Neutral from Buy at BofA Securities)
- CNI -1.4% (downgraded to Neutral from Buy at BofA Securities)
- COO -1% (downgraded to Neutral from Buy at Redburn Atlantic)