Gapping down
In reaction to earnings/guidance:
- FLWS -20.8%, LC -18.2%, TER -16.3% (also increases dividend by 10%, expects to buy back $750 mln of stock in 2022), MTSI -9.6%, SAP -6.6%, XEL -5.5%, SIMO -5.1%, LRCX -5%, EW -5%, HCA -4.2%, INTC -3.1% (also raises dividend by 5%), IP -2.9%, PTC -2.6%, CACI -2.2% (also acquires ID Technologies for $225 mln), MCD -2%, NOC -1.7%, RJF -1.4%, MKSI -1.3%, TSLA -1.3%, SHW -1.3%, ALK -1.2%, JBLU -0.8%
Other news:
- EPZM -25.3% (prices offering of 56666667 shares of common stock at $1.50 per share)
- ZYME -11.3% (prices offering of 9.16 mln shares of common stock at $8.00 per share)
- RMO -7.3% (files for $350 mln mixed securities shelf offering)
- SPPI -7% (to be removed from S&P SmallCap 600)
- HCA -4.2% (to build five new hospitals in Texas)
- CUE -3% (reports two objective responses in first interim update from study of CUE-101 and KEYTRUDA)
- WTS -2.5% (will move from S&P SmallCap 600 to S&P MidCap 400)
- GPS -1.9% (will move from S&P 500 to S&P MidCap 400)
- CI -1.9% (CNC and CI had preliminary discussions about takeover of CNC but talks did not lead to serious negotiations according to Bloomberg)
- UP -1.7% (acquires Air Partner for $107 mln)
- CASA -1.2% (CFO to resign to attend to family issues reaffirms FY21 guidance)
Analyst comments:
- GATO -5% (downgraded to Hold from Buy at Canaccord Genuity)
- IPG -2.5% (downgraded to Underperform from Neutral at BofA Securities)
- CRTX -2.4% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)
- MT -2% (downgraded to Neutral from Buy at Goldman)
- PAGS -1.5% (downgraded to Neutral from Buy at Goldman)
- WPP -1.4% (downgraded to Underperform from Neutral at BofA Securities)