Gapping down
In reaction to disappointing earnings/guidance:
In reaction to disappointing earnings/guidance:
- KTWO -16.2%, (guidance), AXTA -5%, MDT -2.4%, (estimates Hurricane Maria Q2 impact of up to $250 mln; reaffirms Q2 / FY18 guidance excluding impact)
M&A news:
- FLR -1.9% pulling back following M&A chatter circulated last week)
Other news:
- XXII -19.9% (announces $54 mln common stock only registered direct offering at $2.625/share)
- TSLA -1.7% (pushes back Semi unveil to November 16 (previously set semi truck unveil / test ride tentatively scheduled for Oct 26) ),
- GE -0.9% (CEO of GE Transportation named CFO of GE effective November 1; current CFO Jeffrey Bornstein will leave effective December 31 after 28 years of service)
- SNN -0.7% (CEO to retire by end of 2018)
Analyst comments:
- PTCT -7.8% (downgraded to Underweight from Neutral at JP Morgan)
- CONN -3.6% (downgraded to Hold from Buy at Stifel),
- DVA -3% (downgraded to Underweight from Neutral at JP Morgan)
- VIAB -3.1% (downgraded to Sell from Neutral at Citigroup)
- MLNX -2.4% (downgraded to Underweight at Barclays)
- ATVI -2.4% (downgraded to Market Perform at Cowen)
- SYNA -2.1% (downgraded to Neutral from Buy at Mizuho)
- YELP -1.8% (downgraded to Neutral from Overweight at Cantor Fitzgerald)
- AMTD -1.2% (downgraded to Neutral from Buy at BofA/Merrill)
- ESRX -1% (downgraded to Underperform from Mkt Perform at Raymond James)
- NDAQ -0.7% (downgraded to Underperform from Neutral at BofA/Merrill)
- HUM -0.9% (downgraded to Neutral from Overweight at JP Morgan)